WHAT HAPPENED

According to Mysteel, Tangshan Qian’an ordinary billet rose RMB 10/t to RMB 3,000/t including tax at the works. The main rebar futures contract gained 0.42% to RMB 3,110/t. Spot markets were softer: 20 mm Grade III seismic rebar averaged RMB 3,314/t across 31 major cities, down RMB 1/t day on day; 4.75 mm hot-rolled coil averaged RMB 3,328/t across 24 cities, down RMB 2/t; and 1.0 mm cold-rolled coil averaged RMB 3,803/t across 24 cities, also down RMB 2/t. Coke prices were temporarily stable after a fifth round of increases was fully implemented.

MetalMate summary of the linked evidence
WHY IT MATTERS

Commercial context

Analysis: The contrast between rising billet and futures prices and slightly weaker finished-steel spot averages indicates uneven market momentum. Most mills remained loss-making, while some had begun maintenance-related production cuts and output was expected to stay low. This supply restraint may offer price support, but the small spot declines show that higher upstream and futures pricing had not yet translated into broad finished-steel gains.

MetalMate analysis
KEY DETAILS
  • Billet: RMB 3,000/t, up RMB 10/t.
  • Main rebar futures contract: RMB 3,110/t, up 0.42%.
  • Rebar spot average: RMB 3,314/t, down RMB 1/t.
  • Hot-rolled coil average: RMB 3,328/t, down RMB 2/t.
  • Cold-rolled coil average: RMB 3,803/t, down RMB 2/t.
  • Most mills were loss-making; some had started maintenance-related production cuts.
  • Coke was stable after five implemented rounds of price increases.
WHAT TO WATCH

Outlook for 16 September: Watch whether the rebound in billet and rebar futures passes through to physical steel prices, or whether spot averages remain under pressure. Mill maintenance and low output may provide support, while stable coke prices following successive increases remain relevant to already-weak mill margins. This is analysis rather than a confirmed market outcome.

Source & methodology +

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

每日钢市：钢坯涨10元，期螺反弹，钢价或涨跌有限 — Mysteel / 我的钢铁网
MetalMate provides an English summary; consult the original wording.