Steel market on Wednesday, May 20, 2026

1、 Threaded steel (main force)

Futures RB2610:3189 yuan/ton, -8 yuan, -0.25%
Shanghai spot (20mm HRB400E): 3300 yuan/ton, unchanged
Tangshan spot: 3240 yuan/ton, -20 yuan
National mainstream: general decline of 10-30 yuan/ton, weak transaction volume
2、 Hot coil (hot-rolled coil)

Futures HC2610:3407 yuan/ton, -12 yuan, -0.35%
Spot (4.75mm): 3430-3460 yuan/ton, slightly down
3、 Raw material end

Iron ore I2609:797 yuan/ton, -6 yuan, -0.19%
Coke J2609:1768 yuan/ton, -35.5 yuan, -0.51% (execute the fourth round of price increase+50/55 today)
Coking coal JM2609:1206 yuan/ton, -28.5 yuan, -0.70%
4、 Steel billets and plates

Tangshan plain billet: 3060 yuan/ton, unchanged
Medium thick plate (20mm Q235B): 3500 yuan/ton, -20 yuan
5、 Inventory and brief review

Screw thread steel warehouse: 6.8594 million tons, week on week -5.66% (slow inventory turnover)
Trend: Current volatility is weak, demand is weak, and there is support on the cost side