Steel market on May 19, 2026

Data sources: Shanghai Futures Exchange, Mysteel, National Bureau of Statistics (closing of the day)
1、 Threaded steel (main component of construction steel)
Futures main force (RB2610): 3197 yuan/ton, -17 yuan, -0.53%
Shanghai spot (20mm HRB400E): 3310 yuan/ton, compared to yesterday's * * -20 yuan**
Mainstream cities across the country: a general drop of 10-30 yuan/ton, with weak trading volume
2、 Hot coil (hot-rolled coil)
Futures main force (HC2610): 3429 yuan/ton, -36 yuan, -1.04%
Spot (4.75mm): 3450-3480 yuan/ton, slightly down
3、 Raw material end (iron ore, coke, coking coal)
Iron ore (I2609): 803 yuan/ton, -9 yuan, -1.11%, high correction
Coke (J2609): 1771.5 yuan/ton, -45.5 yuan, -2.50%
Coking coal (JM2609): 1208.5 yuan/ton, -24 yuan, -1.95%
4、 Factory price of steel mills (mainstream)
Shougang Changzhi: Thread HRB400E Φ 20mm 3330 yuan/ton (reduced by 30)
Steel Plate (20mm Q235B): 3490 yuan/ton (reduced by 40)
5、 Macro and inventory (official caliber)
National Bureau of Statistics: Crude steel production from January to April was 331.12 million tons, a year-on-year increase of -4.1%; Steel production of 471.94 million tons, year-on-year -1.3%
Screw thread steel inventory (nationwide): 6.8594 million tons, week on week -5.66%, inventory reduction slows down
Industry policy: Capacity replacement ratio * * ≥ 1.5:1 * *, supply side inventory contraction expectation