At 9:30 on June 30, most of the black futures market rose, with coking coal up more than 1%, rebar, hot-rolled coil, iron ore, coke, and silicomanganese up, and ferrosilicon down. It is expected that steel prices will remain under pressure today.
Southwest construction steel prices may be stable and strong in early trading
Last Friday, rebar futures fluctuated and ran strong in the night session. The market trading sentiment has warmed up, the trading volume has increased slightly, and the spot price has risen partially. At present, the market is intertwined with long and short factors, and the game between fundamentals and macroeconomics continues to deepen. On the one hand, the positive signals released by the macroeconomics in recent times have provided some support to market confidence; on the other hand, the spot side is still affected by the continuous rainy season in the south, the release of terminal demand is still suppressed, the inventory pressure is significant, and the contradiction between supply and demand is further highlighted. It is expected that the price of construction steel in the southwest will be stable and strong in the morning session today.
Construction steel in the first half of 2025: average price plummets 12.8%! Four major stages of shock and downward trend
In the first half of 2025, the price of domestic construction steel fluctuated and fell, with the average price of rebar at 3,359 yuan/ton, down 12.78% year-on-year. Under the weak supply and demand situation, the output fell by 4.8% year-on-year, and exports increased by 52.2% year-on-year. In the second half of the year, it is expected that the crude steel reduction policy will be implemented, the contradiction between supply and demand may be temporarily alleviated, and the price may rebound. However, due to the weak cycle of real estate and the high temperature off-season, the rebound height is limited, and the annual price center is expected to be lower than the first half of the year.
