WHAT HAPPENED

According to Mysteel, the national average for 20 mm Grade III seismic rebar was unchanged at RMB 3,338/t, while 4.75 mm hot-rolled coil fell RMB 7/t to RMB 3,364/t. Rebar futures retreated and coking coal and coke futures declined. Coke suppliers in multiple regions proposed increases of RMB 100/t for wet-quenched coke and RMB 110/t for dry-quenched coke from 00:00 on September 8. These were supplier proposals, not confirmed market-wide transaction-price increases.

MetalMate summary of the linked evidence
WHY IT MATTERS

Commercial context

Analysis: Proposed coke increases could add to raw-material cost pressure when most mills are already loss-making. However, weaker steel futures and the decline in hot-rolled coil indicate limited ability to pass higher costs through immediately. Increased maintenance cuts and lower crude steel output may help curb supply pressure.

MetalMate analysis
KEY DETAILS
  • Mysteel said most steel mills were loss-making and maintenance-related production cuts increased significantly in August.
  • CISA data cited by Mysteel showed key mills produced an average 1.885 million tonnes of crude steel per day in late August, down 4.0% from the preceding ten-day period.
  • The average rebar price across 31 major cities was RMB 3,338/t, unchanged from the previous trading day.
  • The average hot-rolled coil price across 24 major cities was RMB 3,364/t, down RMB 7/t day on day.
WHAT TO WATCH

Outlook: Watch whether steel mills accept the proposed coke increases, whether maintenance cuts deepen, and whether lower production provides support to steel prices despite weaker futures.

Source & methodology +

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Article status
Published · Version 1
Source date
7 September 2026
MetalMate publication
5 October 2026
Verification
Automated evidence checks; not human reviewed

每日钢市:期钢下跌,焦炭提涨100/110元,钢价或涨跌有限 — Mysteel / 我的钢铁网
MetalMate provides an English summary; consult the original wording.