July 19, 2025, The game between cost and demand: Why are the terminals “not paying” behind the continuous rise in steel prices?
On July 18, the spot steel market was dominated by price increases, and all major futures market products rose, including rebar and hot-rolled coils, which rose by about 0.8%, iron ore, coke, and coking coal, which rose by 0.38%, 1.23%, and 2.55%. As steel mills' profits improved, blast furnace iron output increased, and raw material consumption increased.
Recently, the price of raw materials has risen significantly, which has supported steel costs, but the end customers are generally not willing to accept high-priced resources in the off-season.
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