Just now! Five steel mills are adjusting prices! Here's how steel prices will move next week...

(Source: Steel & Steel Product Prices)

Source: Steel & Steel Product Prices

On March 29, Yancheng Zhengxiang kept the prices of structural materials stable. The specific adjustment details are as follows:

1. I-beams: maintain the previous period’s base price without adjustment. The current 14–20# Q235 executed price is 3450 yuan/ton, and the current 12# Q235 executed price is 3480 yuan/ton.

2. H-beams: maintain the previous period’s base price without adjustment. The current 19899 Q235 executed price is 3480 yuan/ton, and the current 200100 Q235 executed price is 3480 yuan/ton;

Panjin Steel Pipes will raise prices for all series of products starting from 8:00 AM on March 30 by 50. After the adjustment: 1084.5mm is 4270, 2196mm is 4230, 3258mm is 4260, 4807mm is 4670, and 508*7mm is 4770. For fixed lengths of 6–10 meters (including 6 meters), add 50; for non-fixed lengths of 9.5–11.8 meters, the price is the base price minus 30; for non-fixed lengths of 6.5–9.5 meters, the price is the base price minus 80. The above prices include weigh-in and tax. (yuan/ton)

On March 29, Tianjin Rongcheng’s strip steel ex-works price increased by 20: 680–883 is 3240. (yuan/ton)

On March 29, Tangshan Ruifeng’s strip steel quotes remained stable across the board: 485–645 is 3190, 685–885 is 3210, 1000–1230 is 3200, tax-inclusive ex-works. (yuan/ton)

On March 29, Tangshan Zhengfeng’s ex-works prices remained stable: angle steel 4.5#3340，5#3340, 5.6#3340，6.3-10#3340, 11–20#3400，槽钢8#3370, 10–12#3340，14-20#3340. (yuan/ton)

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Steel price trend prediction

The current steel market is in the core game between “strong cost support” and “weak demand reality.”

Ongoing escalation of international geopolitical friction continues to push up crude oil and energy prices, and strongly transmits to raw material ends such as iron ore and double coke. In addition, the rebound in domestic hot metal production consolidates demand for raw materials, together forming a solid cost floor.

Industry fundamentals, however, show a complex picture intertwined with both longs and shorts: on one hand, total inventory of the five major steel products declines and apparent demand rebounds, indicating signs of seasonal improvement; but on the other hand, the recovery in construction steel demand is relatively muted. The transaction characteristics of “high prices face resistance, and low prices have volume” reflect limited acceptance of prices by downstream buyers. Moreover, weak real estate data and project funding issues constrain the demand intensity of the traditional peak season “golden March and silver April.” Market sentiment is therefore more cautious, with doubts about the quality of the peak season.

Overall, under the two-way checks between high costs and demand pressure, in the short term, steel prices are unlikely to have a unilateral breakout driver and will most likely maintain a volatile pattern of “a cap above and a floor below.” If subsequent demand strength falls short of expectations, while supply increases gradually with restarts and production recovery, accumulated inventory pressure could cause the price center of gravity to shift downward. It is expected that next week will be strong at first and then weak, with an overall bearish bias.

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责任编辑：宋雅芳