2026-09-08 Steel Closing Market Briefing

Futures Market (Main Contract Closing)

Threaded steel: 3177 yuan/ton,+0.60%, fluctuating upward within the day, with a slight decrease in trading volume compared to the previous period
Hot coil: 3384 yuan/ton,+0.62%, following the overall strength of the black series
Iron ore: 753 yuan/ton,+1.36%, port spot trading still acceptable Sina Finance
Coking coal:+2.74%, coke:+1.81%, with double coke leading the black sector and a significant increase in cost
Spot reference (mainstream market)

Thread HRB400-20mm: Beijing 3110, Shandong 3110, Hangzhou 3160, with a slight decrease of 10 yuan/ton in most markets
Hot rolls: Shanghai 3370, Tangshan 3260, slightly weakened; Steel billet 3090, down 10 yuan/ton
Spot trading: Overall performance is average, with only a small amount of replenishment at low levels downstream, and the actual demand during peak season still needs to be verified
Transaction&Supply and Demand

National main port iron ore transactions reached 775000 tons yesterday, with a slight increase compared to the previous month. PB powder transactions were active
The factory warehouse and social warehouse will continue the pace of destocking, but the extent of destocking is limited; Steel mills maintain a moderate level of production, with no significant decline in crude steel daily output
August steel export data showed both year-on-year and month on month growth, with external demand providing some support