24/08/2026
China Steel Market | Cheongfuli Weekly Report | August 17‑August 21, 2026
China’s steel spot prices ticked higher this week (Rebar +30 RMB/ton, HRC +10 RMB/ton) during the off‑to‑peak‑season transition, with muted market activity. Key takeaways for global steel buyers:
🔹 Supply & Demand: Output of five major steel products fell to 8.0183M tonnes. Apparent demand dropped 150,500 tonnes WoW, while total inventories drew down moderately.
🔹 Mill Dynamics: Low mill margins will keep molten iron supply tight. Tight Mongolian coal supply lifts raw material costs, underpinning steel prices.
🔹 Macro Drivers: BHP Australian port labour unrest threatens iron ore exports. China speeds up major project construction. Watch US‑Iran tensions and coal mine resumption.
💡 Strategy Tip: Follow just‑in‑time procurement and strictly manage inventory risks amid price volatility.
📲 Navigating China’s steel seasonal shift?
Reach out for real‑time quotes, forecasts and sourcing support.
💬 DM or comment for your procurement inquiries!
📧E-mail: [email protected]
📱 WhatsApp: +86 176 1115 1027
☎ Tel: +86 0592 259 2583
📍 Address: 21F C&D International Building, Xiamen, China
💻Website: www.cflsteel.com