On April 24, 2025, Trump Made A Major Tariff Reversal! Steel Billet Prices Soared By 50 Yuan In A Single Day! Has The Clarion Call For A Counterattack On Steel Prices Sounded?

On April 23rd, the domestic steel spot market rose slightly, while the main varieties in the futures market all rose. Among them, the main contracts of rebar and hot-rolled coil increased by nearly 1.5%, iron ore and coking coal rose by more than 2%, and coke performed strongly, rising by more than 3%.

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Will The Sharp Decline Come To An End On April 22, 2025? Steel Futures Soar And Steel Mills Raise Prices Intensively. Will Steel Prices Bottom Out And Rebound?

On April 21st, the steel futures and spot markets recovered simultaneously. The spot price remained stable with a slight increase, while the main futures varieties rebounded across the board.

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