Industry News

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3. Steel Market Dynamics

4. Market Analysis

• In a notable shift from earlier trends, global Steel Billet prices have exhibited a rebound in recent days, driven by localized supply adjustments, cost pressures, and improved market sentiment. Here’s a detailed analysis of the key developments:

  1. China: ReGIonal Price Surge Amid Policy and Cost Factors

  2. International Markets: Mixed Signals and Regional Dynamics

  3. Key Drivers of the Rebound

  4. Outlook: Caution Amid Uncertainties

• 2025 H1 Steel Prices: Rebar (-10.5% YoY), Hot-Rolled Coil (-9.3% YoY) .
• Tangshan Production Cut: 50,000 tons/day molten iron capacity reduction (July 4–15) .
• Goldman Sachs Projection: 6% output decline in H2 2025, 200 RMB/ton margin expansion .
• Export Performance: 48.47 million tons shipped Jan–May 2025 (+8.9% YoY) .

• Market Growth: Global Galvanized Steel wire market projected to reach USD 5.7 billion by 2035 .
• Regional Dominance: Asia-Pacific leads with 42% market share, driven by China’s infrastructure boom .
• Technological Edge: Induction heating and alloy innovations enhance efficiency and durability .
• Sustainability: Energy-efficient processes and recyclability align with global ESG standards .

In H1 2025, hot-rolled coil prices trended downward. As of mid-June, Q235B hot-rolled coils in Tianjin and Shanghai were quoted at 3,150-3,310 RMB/ton, down from late May. This follows a 8.36% YoY increase in domestic output from Jan-Apr 2025, while exports plunged 20.88%, driving inventory buildup. Analysts expect prices to remain under pressure amid seasonal demand weakness.