以上调整均为含税价，执行日期自2026年2月1日起。 中天钢铁 1月31日中天钢铁集团对建材品种出厂价格进行了调整，本次调整是以"1月20日中天钢铁集团出台2026 年1月下旬产品价格 "为基准，各品种调整如下： ①螺纹钢品种价格平 ，现HRB400材质Φ18mm规格执行价格3400元/吨；HRB400E加价30元/吨， Φ10mm加价160元/吨，Φ12mm加价100元/吨，Φ14mm加价30元/吨，Φ16mm、Φ20mm、 Φ22mm 加价 30元/吨 ，Φ25mm加价50元/吨， Φ28-32mm加价80元/吨；Φ36mm以上加价250元/吨；HRB500在 HRB400基础上加价300元/吨，HRB500E在HRB400基础上加价330元/吨。 ②高线品种价格平 ，现HPB300材质Φ8-12mm规格执行价格3700元/吨，Φ6mm加价150元/吨 ； 沙钢 2月1日沙钢对建筑钢材品种出厂价格进行了调整，"1月21日沙钢出台2026年1月下旬建材价格调整"为基 准，具体调整情况如下： ①螺纹钢价格暂稳，现HRB400Ф16-20mm螺纹出厂价格为3450元/吨，Φ10mm规格加价160元/吨， Φ12 ...

2026年1月29日，美联储如期维持3.5%-3.75%利率不变，终结此前"三连降"行情，压制全球流动性宽松预期。与此同时，钢材库存延续累积态势， 表观需求略有收窄，供需矛盾加剧短期压制钢价。但利好层面，"十四五"期间我国已完成9.4亿吨粗钢产能超低排放改造，淘汰大量落后产能，为 行业长期发展及钢价提供坚实支撑。 01美联储如期维持利率不变，"三连降"节奏暂歇 北京时间1月29日凌晨，美联储结束两日货币政策会议，宣布将联邦基金利率目标区间维持在3.5%-3.75%，符合市场普遍预期。而在此前的去年9 月、10月、12月三次会议中，美联储已连续降息25个基点，本次按兵不动直接终结了此前的"三连降"行情。这一操作短期压制了全球流动性宽松 预期，对大宗商品估值及钢材需求预期形成约束。 利率维持高位或压制海外终端消费需求，间接放缓钢材出口订单的短期释放节奏。 本周五大钢材品种库存环比上行1.7%，至1278.51万吨；产量环比微增0.44%，而表观需求较上周小幅回落0.96%，降至801.74万吨。分品种来看： 螺纹钢周度产量与库存同步走高，表观需求环比下滑4.92%；线材产量与库存齐涨，表观需求微增0.4%；热卷总 ...

Market Overview - As of January 21, the price of rebar is 3240 CNY/ton, with a decrease in outflow to 36,000 tons, down by 8,000 tons compared to the same period last week [1] - In Hangzhou, rebar inventory increased to 470,000 tons, up by 10,000 tons from the previous week [1] - Changjiang Steel adjusted the ex-factory prices for construction materials in Hefei, maintaining rebar prices at 3300 CNY/ton, while increasing the price of wire rod and rebar by 20 CNY to 3560 CNY/ton [1] Industry Insights - According to Copper Crown Jinyuan Futures, seasonal demand has weakened market transactions, with a slight decrease in rebar production and a temporary rebound in apparent demand, but overall demand remains weak [2] - New Century Futures reported a slight increase in supply due to delayed resumption of production at some steel mills, with apparent demand for five major steel products rising by 29,300 tons to 826,120 tons [3] - Inventory for five major steel products decreased by 69,100 tons to 12,470,100 tons, indicating weak purchasing willingness among traders, which may lead to continued low inventory operations [3] - The current steel market is in a demand off-season with a weak fundamental outlook, leading to continued price fluctuations [2][3]

Core Viewpoint - Sichuan Shengshi Steel Union International Trade Co., Ltd. has achieved a significant increase in sales volume of construction materials, with a year-on-year growth of 21%, marking a monthly record high for the year, driven by its dual strategy of "Chengdu building materials procurement + direct delivery from manufacturers" [1] Group 1: Sales Performance - The company has reported a total sales volume increase of 21% year-on-year for various construction materials including rebar, wire rod, and high-strength steel [1] - The company has strengthened its product line for key engineering materials, integrating resources from multiple large steel mills to optimize inventory and delivery systems [6] Group 2: Product Offerings - The company provides mainstream rebar grades such as HRB400E and HRB500E, which are widely used in high-rise residential buildings and public projects, ensuring efficient delivery and service [6] - The company has successfully promoted seismic rebar and high-strength rebar in high seismic risk areas, contributing to major projects like the Chengdu Metro and Tianfu International Airport [6] Group 3: Service Enhancements - New processing capabilities such as CNC straightening and automatic cutting have been added, allowing customers to place orders based on drawings and receive finished products, significantly reducing on-site labor and waste [7] - The company has implemented a "direct delivery from manufacturers" model, reducing procurement costs and improving logistics efficiency, achieving next-day delivery for orders placed in Chengdu and surrounding areas [8] Group 4: Market Engagement - The company has conducted seven technical exchange and project matching meetings this month, achieving a customer satisfaction rate of 98.5% and a year-on-year increase in repurchase rate of 22% [9] - The company has optimized its digital marketing strategy to enhance online visibility and relevance in search engines, focusing on high-traffic keywords related to construction materials [9] Group 5: Compliance and Quality - The company adheres to national standards for all rebar products, providing complete material certifications and testing reports, and actively discourages false advertising practices [10] Group 6: Future Plans - The company plans to expand its warehouse by an additional 3,500 square meters, focusing on increasing inventory of large specifications of rebar and seismic rebar [11] - The introduction of an intelligent distribution system is planned, allowing customers to receive recommendations for suitable rebar types based on project specifications [11]

Group 1 - Approximately 8 steel mills adjusted their construction material ex-factory prices today, with Donghua in North China reducing wire rod prices by 5 yuan/ton, while Meijin in North China increased rebar, wire rod, and round bar prices by 30 yuan/ton [1] - As of December 31, 2025, the spot price for wire rod from Zhongtian in Hangzhou is 3580 yuan/ton, and from Yonggang is 3550 yuan/ton, with the futures market closing at 3600.00 yuan/ton, reflecting a 5.66% increase [2] - National total inventory of construction materials is 7.237 million tons, a decrease of 171,900 tons from the previous week, while the apparent demand increased by 166,700 tons to 4.6747 million tons [3] Group 2 - Recent commodity market trends have positively influenced steel prices; however, demand is gradually weakening, and export expectations may tighten, leading to a volatile price trend for steel [4]

12月10日首钢长治建筑钢材价格调整：螺纹下调30，盘螺、线材下调20。其中，高线HPB300Φ8-12mm 出厂基价3240元/吨，Φ6+100。 2025年12月11日线材现货价 格表 | 商品名 | 规格 | 品牌/产 | 报价 | 报价类 | 交货地 | 交易商 | | --- | --- | --- | --- | --- | --- | --- | | 称 | | 地 | | 型 | | | | 线材 | 品种:高线;牌号:HPB300;直 | 河钢 | 3540元/ | 市场价 | 北京 | 北京乾盛成钢铁贸易有限 | | | 径:Φ8 | | 吨 | | | 公司 | | 线材 | 品种:高线;牌号:HPB300;直 | 永钢 | 3400元/ | 市场价 | 江苏省/南京 | 中储南京物流有限公司 | | | 径:Φ8 | | 吨 | | 市 | | | 线材 | 品种:高线;牌号:HPB300;直 | 永钢 | 3400元/ | 市场价 | 上海 | 上海东铭红一能源有限公 | | | 径:Φ8 | | 吨 | | | 司 | | 线材 | 品种:高线;牌号:HPB300;直 | 永钢 | ...

永钢7月下旬螺纹上调170、普线和盘螺上调220。现螺3950，高线4080，盘螺4080，7-3旬订货比例维持 全折。 中天7月下旬螺纹上调220、普线和盘螺上调250。现螺纹3950，高线4080，盘螺4080，7-3旬订货比例： 螺纹6折（上期8折），线盘7折（上期8折）。（上海有色网 张轶超） 沙钢本期调价强势上涨220，钢厂挂牌价格3950，杭州市场库提成本3900，厂提成本3850，对上期螺纹 无补。此番调价明显超出市场预期，昨日收盘杭州市场报价3780-3800，期螺更是大幅走弱，即钢厂基 于贸易商倒挂100-120的情况下依然大幅拉涨，对贸易商情绪冲击较大。站在钢厂的角度，上期螺纹出 厂价格3730（库提成本3680），而市场7月中旬实际平均售价达3760，贸易商平均盈利超80，因此本期 价格的大幅上调一方面是对上一期价格的追补，另一方面才是对于本旬市场价格的领涨（两旬平均出厂 价格为3840）。钢厂上调价格后，华东市场表现混乱，申特钢厂甚至发布封盘文件，要求贸易商停止销 售所有申特资源，同时钢厂也停止对于各代理发货；杭州市场报价更是五花八门（沙钢3780-3900）， 部分贸易商依然存有试探 ...

Core Viewpoint - The recent performance of rebar indicates a trend where, in the absence of macroeconomic stories, fundamentals significantly influence futures prices. The current fundamentals for rebar are relatively strong, with good inventory reduction and stable prices across the country [1][4]. Group 1: Market Fundamentals - Steel inventory reduction is performing well, contributing to a relatively strong fundamental backdrop, which helps black commodities resist declines during overall commodity downturns. It is expected that steel inventory reduction will continue this week [1]. - National prices for steel are holding firm, with northern regions experiencing specification shortages due to actual production cuts by steel mills. Eastern China is also facing specification shortages, although it is not the highest-priced region nationally [1][4]. - The overall inventory is flowing towards higher-priced areas, indicating a market adjustment based on price levels [1]. Group 2: Export Performance - Steel exports remain robust, with total outbound shipments showing a week-on-week decline but a year-on-year improvement. The total outbound shipments were 305.3 million tons, down 26.46 million tons week-on-week, and 292.04 million tons when excluding two ports in Taiwan, down 34.82 million tons [4]. - The outbound shipments from 28 major foreign ports continue to rise week-on-week, with a narrowing of year-on-year negative values [4]. Group 3: Price Trends and Market Sentiment - The main rebar futures contract (2601) has shown a fluctuating upward trend, closing higher but facing significant resistance, indicating a lack of confidence among bulls and an overall weak oscillating pattern [5]. - The coal market, particularly coking coal, is under pressure due to the increasing losses among steel mills, with the profitability ratio of steel mills dropping to 38.96%, continuing a 14-week decline. This has led to reduced procurement of coking coal by steel mills [5]. - The price of rebar in Changzhou is reported at 3160 yuan/ton, while the price for wire rod is 3390 yuan/ton, reflecting the current market conditions [6][7].

Core Viewpoint - The steel market is experiencing fluctuations with a recent rebound followed by a decline, influenced by various production and regulatory factors affecting supply and demand dynamics [1][3][7]. Price Movement Factors Positive Factors - In October, China's rebar production was 14.34 million tons, a year-on-year decrease of 18.6% [3]. - China's automobile production in October reached 3.279 million units, a year-on-year increase of 11.2% [3]. - Chinese shipbuilding companies captured over 74% of the global container ship order market [3]. - The third round of the fifth batch of central ecological and environmental protection inspections has been fully implemented [3]. Negative Factors - In October, China's steel plate exports were 5.97 million tons, a year-on-year decrease of 22.6% [3]. - Land use rights transfer revenue for the first ten months was 24.982 billion yuan, a year-on-year decrease of 7.4% [4]. - China's steel billet exports in October decreased by 21% compared to September, turning from positive to negative year-on-year [4]. Regulatory Impact - On November 21, 2025, the U.S. President approved a two-year exemption from coking oven regulations, which is expected to boost steel production as approximately 70% of steel production relies on metallurgical coke [3][5]. - The exemption aims to ensure uninterrupted operation of critical coke production to support national security without incurring high compliance costs [5]. Market Conditions - The market is currently cautious, with a slight increase in construction activity in northern regions and stable operations in southern areas, leading to a minor increase in funding availability [7]. - The fourth round of coke price increases has negatively impacted long-process steel companies, leading to a decrease in blast furnace operating rates [7]. - The steel market is expected to experience narrow price adjustments in the upcoming week, with a projected fluctuation range of -30 to -40 yuan per ton [7]. Price Adjustments - Chongqing Yonghang has lowered prices by 20 yuan per ton for various steel products, including high-line and rebar [8][9]. - Other companies like Maanshan Steel and Changjiang Steel have maintained their previous prices for certain products, indicating a mixed pricing strategy in the market [10][11].

Group 1 - The steel spot market is primarily rising, with major futures contracts also increasing, driven by market sentiment following safety incidents in coal mines and expectations of a potential interest rate cut by the Federal Reserve [1][3][20] - The State Council meeting highlighted the effectiveness of large-scale equipment updates and consumer goods replacement policies in stabilizing investment and expanding consumption, which is expected to boost market confidence and support steel prices [2] - As of mid-August, social inventory of five major steel products in 21 cities reached 8.43 million tons, a month-on-month increase of 400,000 tons, indicating supply pressure in the off-season steel market [2] Group 2 - Federal Reserve Chairman Jerome Powell's dovish remarks at the global central bank meeting have increased the probability of a rate cut in September, with an 84.1% chance of a 25 basis point cut, which has positively influenced market sentiment towards steel prices [3] - Today's domestic steel market saw a general increase in prices, with specific price adjustments reported from various steel mills, indicating a trend of rising production costs [4][7][19] - The raw material market shows a slight increase in iron ore prices, supported by stable demand from steel mills, while coke prices remain steady due to strong demand and limited supply [18][20]