中钢协：2025年12月份国内市场钢材价格震荡盘整运行

Core Viewpoint - The domestic steel market in China is expected to experience a weak overall performance in 2025, characterized by a "倒N" shaped price trend, with prices showing a slight increase in December but a significant year-on-year decline [1][2]. Group 1: Market Performance - In December 2025, the China Steel Price Index (CSPI) averaged 92.03 points, with a month-on-month increase of 0.56 points (0.61% rise) but a year-on-year decrease of 5.70 points (5.83% drop) [1]. - The CSPI for long products averaged 94.21 points in December, reflecting a month-on-month increase of 1.69 points (1.82% rise) and a year-on-year decrease of 6.04 points (6.03% drop) [1]. - The CSPI for flat products averaged 90.22 points in December, showing a slight month-on-month decrease of 0.07 points (0.07% drop) and a year-on-year decrease of 5.74 points (5.98% drop) [1]. Group 2: Annual Overview - The average CSPI for 2025 was 93.19 points, which represents a year-on-year decline of 9.28 points (9.05% drop) [2]. - In the first half of 2025, steel prices exhibited a continuous downward trend, with the index dropping below 90 points to 89.51 points by the end of June, marking the lowest level since November 2016 [2]. - The market saw a brief recovery in July due to expectations surrounding "反内卷" policies, but prices faced renewed pressure in August to October as demand recovery fell short of expectations, leading to further price declines [2].