Cost Analysis

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16

2026

-

04

Monthly Market Analysis of Steel Structural Primary Materials – April 2026


In April, the steel market was underpinned by rising costs, divergent demand, and a volatile upward trend. Raw material prices remained elevated, prompting steelmakers to hold firm on prices; steel consumption in infrastructure and manufacturing stayed robust, resulting in an overall pattern of initial gains followed by stabilization, with prices trending higher within a range.

Core Conclusions for This Month

4 Monthly Steel Market Cost support, diverging demand, and a volatile upward trend Raw material prices remain at high levels, prompting steel mills to hold firm on pricing; steel demand from infrastructure and manufacturing remains steady, with the overall market showing… First up, then steady; upward movement within a range. 。

Monthly Average Price Overview (in yuan) / tons)

 

Category

Detailed specifications

Material

North China monthly average price

Month-over-month

Board materials

Medium and thick plates 20mm

Q235B

3345

+55

 

Hot-rolled coil 5.75mm

Q235B

3310

+45

H Structural steel

HN300×150

Q235B

3390

+65

 

HW400×400

Q355B

3510

+70

Square and rectangular steel tubes

200×100×5.0

Q235B

3455

+40

 

150×150×5.0

Q235B

3435

+40

Welded round pipe

Φ219×6.0

Q235B

3475

+40

Seamless steel pipe

Φ108×4.5

20#

4160

+50

Monthly Market Analysis

  • Cost side Iron ore, coking coal, and oil prices are all trading at elevated levels, providing strong cost-based support for steel prices.
  • Supply side Steel mills are accelerating the resumption of production, but profitability remains modest, leaving limited incentive for a substantial expansion in output.
  • Demand side Infrastructure, steel structures, and manufacturing demand remain robust, with end‑use demand primarily driven by essential needs.
  • Varietal differentiation : H Structural steel >  Medium and thick plates >  Square tube / Round pipe >  Hot-rolled coil 。

Next Month Trend Assessment

  • Overall maintenance Stronger-than-expected volatility, trading within a range. , with limited upside potential.
  • Key areas of focus: raw material prices, steel mill policies, and downstream production utilization rates.

Business Recommendations

  • Monthly Procurement Price lock on demand, replenishment in batches , don’t hoard items blindly.
  • Project Quotation Based on cost-plus pricing 30 ~ 60 Yuan / ton , ensuring profitability.
  • Enhance inventory turnover, with a focus on ensuring… H Structural steel, medium and thick plates Common specifications are kept in stock.

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