Steel market on Thursday, May 21, 2026

Data as of today's close | Source: Shanghai Futures Exchange Mysteel、 Business Society

1、 Threaded steel (main component of construction steel)

Futures RB2610:3175 yuan/ton, -14 yuan, -0.44%

Shanghai spot (20mm HRB400E): 3224 yuan/ton, unchanged

National mainstream: stable but weak, with individual markets falling 10-20 yuan and average transactions

2、 Hot coil (hot-rolled coil)

Futures HC2610:3394 yuan/ton, -20 yuan, -0.59%

Spot (4.75mm national average price): 3420 yuan/ton, unchanged

3、 Raw material end

Iron ore I2609:792 yuan/ton, -5 yuan, -0.63%

Coke J2609:1752 yuan/ton, -16 yuan, -0.91%

Coking coal JM2609:1195 yuan/ton, -11 yuan, -0.91%

4、 Steel billets and plates

Tangshan plain billet: 3050 yuan/ton, -10 yuan

Medium thick plate (20mm Q235B): 3442 yuan/ton, -8 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 cost support is still acceptable