Steel market today, August 25th

Futures market (closing)

Main force of rebar: 3071 yuan/ton,+10, up 0.33%, range 3062-3079
Hot coil main force: 3350 yuan/ton,+14, up 0.42%, range 3336-3362
Raw material side: The second round of coke price increase is about to land, with strong cost support and fluctuating operation of iron ore
Spot reference (mainstream market, excluding Suqian)

HRB400E threaded steel mainstream: 3070-3090 yuan/ton
Q235B hot coil mainstream: 3360-3385 yuan/ton
Steel billet: 3070 yuan/ton, stable and strong operation
Transaction supply and demand

The continuous rise in costs has driven strong market sentiment, and traders' quotes have slightly increased; The actual demand release from downstream terminals is limited, and the overall transaction performance within the day is average, with speculative buying being the main focus. Steel mills have a strong willingness to raise prices, and overall inventory remains low.