Steel Market Prices Changes

China’s steel exports fell 5.8% month-on-month in March 2025.

International Steel Market

On March 21, the average FOB price of rebar in Zhangjiagang was $456/ton, down $13/ton from the previous quarter. The average FOB price of wire rod in Tianjin Port was $480, down $26/ton from the previous quarter. The average FOB price of medium and thick plates in Tianjin Port was $475/ton, down $17/ton from the previous quarter. The average FOB price of hot-rolled coil in Tianjin Port was $467/ton, down $20/ton from the previous quarter. The average FOB price of cold-rolled coil in Tianjin Port was $531/ton, down $18/ton from the previous quarter. The average FOB price of galvanized steel in Tianjin Port was $561/ton, down $20/ton from the previous quarter. The average FOB price of H-beam in Tianjin Port was $477/ton, down $16/ton from the previous quarter.

The following table shows the monthly average and month-on-month FOB prices of major steel products in March 2025:

Varieties	Material	Specifications (mm)	Port	Price (USD/ton)	Month-on-month
Hot-rolled coils	SS400	3*1250*C	Tianjin Port	467	-2.0%
Cold-rolled coils	DC01	1*1250*C	Tianjin Port	531	-2.8%
Hot-dip galvanized coils	SGCC	1*1220*C	Tianjin Port	561	-2.9%
Medium and thick plates	SS400	14-40	Tianjin Port	475	-3.2%
Rebar	B500B	12-30	Zhangjiagang	456	-3.7%
Wire rods	SAE1008	6.5	Zhangjiagang	480	-3.7%

Recent overall situation of China’s steel imports and exports

• In December 2024, my country exported 9.727 million tons of steel, a month-on-month increase of 4.8%, and the average export price was US$732.9/ton, a slight increase of 2.1% month-on-month.
• In January-February 2025, China exported 16.972 million tons of steel, a year-on-year increase of 6.7%, and the growth rate decreased by 25.9 percentage points.

The main regions for my country’s steel exports are still concentrated in Asia, represented by South Korea, ASEAN, and GCC countries, and exports to most countries have declined month-on-month.

Top 10 destination markets for China’s finished steel exports in December 2024

Serial number	Target Markets	December	Month-on-month %	January-December	Year-on-year %
1	Vietnam	96.5	20.6	1273.8	40.5
2	South Korea	67.3	35.0	818.8	-1.9
3	UAE	48.7	-25.8	548.3	46.1
4	Thailand	46.2	17.4	510.6	8.5
5	Philippines	38.1	-2.5	502.0	20.0
6	Indonesia	39.7	-31.9	482.5	33.5
7	Saudi Arabia	51.6	29.8	476.5	42.7
8	Turkey	29.1	-5.2	410.7	2.9
9	Brazil	40.5	-0.4	374.1	35.0
10	India	17.9	12.3	301.3	3.1
	Area:
1	ASEAN (ASEAN-10)	269.2	0.4	3354.9	27.0
2	GCC (GCC-6)	123.9	-2.6	1231.5	39.5
3	EU (EU-27)	36.8	37.3	397.4	8.6
	Total export volume	972.7	4.8	11071.6	22.7

 

If you would like to know today’s FOB prices for Galvanized Steel, Hot Rolled, Cold Rolled, Rebar, Wire Rod, please contact Wanzhi Steel for a free request.