Price Ref

In May 2026, the steel circulation PMI index dropped to 48.0%, a decrease of 3.2 percentage points from the previous month, entering a contraction zone, indicating that the domestic steel market has officially entered the traditional off-season and there is significant downward pressure on prices.

China's steel circulation PMI fell to 51.2% in April 2026, down 2.2 points, signaling weaker peak season. In May, post-holiday restocking and faster infrastructure funding will boost construction steel demand. Manufacturing resilience supports hot-rolled coil. Supply-side release is limited, easing tensions. Firm iron ore and a third round of coke price hikes provide cost support. The steel market is expected to trade in a range-bound pattern.

In March 2026, the Steel Circulation PMI jointly released by the China Metal Materials Circulation Association and Lange Steel stood at 53.4%, up 5.4 percentage points from the previous month. The index rebounded rapidly into the expansion range, indicating a significant improvement in activity within the steel circulation market.

The domestic steel market in March is expected to remain under pressure, though there may be opportunities for periodic rebounds.

Combined with the impact of the Spring Festival holiday, activity on both the supply and demand sides of the market is expected to decline temporarily. It is projected that the domestic steel market in February will likely experience a narrow-range fluctuation.

WEEKLY STEEL PIPE MARKET ANALYSIS FROM YOUFA GROUP

EXPERTS PREDICTED THE PRICE OF STEEL IN CHINA 13-17TH MAY 2019

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EXPERTS PREDICTED PRICE OF STEEL 22-26TH APRIL 2019

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