During the weekend, the ex-works price of section steel in Tangshan market kept stable. At present, Zhengfeng Steel quoted offers for 50 angle steel and 16# channel steel separately at 3310 yuan/t and 3310 yuan/t; Xinyiyuan Steel quoted offers for 16# I-beam at 3330 yuan/t. The steel strip price stabilized, of which the narrow strip was 3240 yuan/t, the medium strip was 3240 yuan/t, and wide strip was 3290-3310 yuan/t.

Over the weekend, spot prices in Tangshan market remained largely stable, though trading activity was weak, with most mid- and downstream enterprises adopting a wait-and-see stance. In recent days, several billet-rolling mills have resumed operations, leading to a noticeable increase in supply, while demand has remained sluggish, resulting in an unfavorable supply-demand balance. Futures prices saw a brief rebound last week but fell back sharply during Friday’s night session, indicating that the overall price trend remains downward. Tangshan’s medium and large section steel prices are expected to decline by 30 yuan/t this week.

During the weekend, the ex-works price of common carbon billet in Tangshan market decreased by 10 yuan to 2980 yuan/t. Spot resources were 3040 yuan/t. Market activity was subdued, with traders remaining cautious. Downstream finished steel sales were sluggish, and rolling mills purchased billets only as needed. In the short term, billet prices are expected to remain under pressure.

During this week (September 8-12), China’s domestic steel prices are projected to fluctuate with a firm bias. Iron ore is expected to see modest gains, scrap prices to move slightly higher, billet prices to potentially rebound mildly, while coking coal and coke markets are likely to decrease amid stability.