2026-09-11 Steel Market Briefing

1、 Futures market (closing)

Threaded steel main connection: 3108 yuan/ton, down 39 yuan, down 1.24%; The highest is 3143, the lowest is 3100, and the transaction volume is 932700 lots
Hot coil main chain: 3325 yuan/ton, down 39 yuan, down 1.16%
Wire main connection: 3394 yuan/ton, down 19 yuan, down 0.56%
On the raw material side, iron ore costs 718 yuan/ton (-1.78%), coke costs 2062.5 yuan/ton (-3.10%), and coking coal is weakening simultaneously. The entire black series has closed down
2、 Spot reference (mainstream national market, including tax)

The national spot prices of steel have generally decreased slightly, and the average price of 20mm HRB400E thread in the mainstream market has fallen; Shanghai Zhongtian thread 3210 (-10), Bengang hot coil 3350 (-10). Today, several steel mills lowered the ex factory prices of building materials by 10-30 yuan/ton. The price of steel billets is declining, and cost support is weakening.

3、 Transaction supply and demand

The overall market transactions are average, with downstream buyers purchasing on demand and weak speculative stocking intentions. Latest weekly data: The total inventory of the five major steel varieties is 15.5461 million tons, a decrease of 182900 tons compared to the previous week; The total consumption decreased slightly by 8.1237 million tons. The production of molten iron remains high, but the losses of steel mills are expanding, and the expectation of production reduction is gradually heating up. On the raw material side, there has been a decline in shipments from Australia and Pakistan, an increase in domestic iron ore arrivals at ports, and steel mills are becoming more cautious in their procurement.