In February, under the influence of multiple factors such as the downstream demand recovery falling short of expectations after the Spring Festival, the macro expectations gradually heating up brought about by the Two Sessions, and the continuous intensification of the US tariff policy, the steel price showed a slight downward trend with fluctuations.

The domestic comprehensive steel price index declined month-on-month

According to the monitoring of the Iron and Steel Association, in February 2025, the average CSPI was 96.01 points, a decrease of 0.08 points compared with the previous month, representing a decline of 0.08%. It decreased by 16.15 points year-on-year, representing a decline of 14.40%. Among them, the average value of the CSPI long products index was 98.47 points, a decrease of 0.31 points compared with the previous period, representing a decline of 0.31%. It decreased by 16.53 points year-on-year, representing a decline of 14.38%. The average value of the sheet metal index was 94.31 points, rising by 0.10 points compared with the previous period, representing an increase of 0.11%. It decreased by 16.83 points year-on-year, with a decline rate of 15.14%.

As of mid-February 2025, the China Steel Price Index (CSPI) stood at 95.79 points, down 0.38 points month-on-month, representing a decline of 0.40%. It decreased by 1.68 points compared with the end of the previous year, with a decline rate of 1.72%. It decreased by 16.13 points year-on-year, with a decline rate of 14.41%. From January to February, the average value of CSPI was 96.05 points, a year-on-year decrease of 16.43 points, representing a decline of 14.60%.

(1) The prices of long plates all decreased slightly, with the decline in long plates being higher than that of plates.

As of the end of February 2025, the CSPI long products index stood at 98.04 points, a decrease of 0.78 points compared with the previous period, representing a decline of 0.79%. The CSPI sheet index was 94.23 points, a decrease of 0.12 points compared with the previous period, representing a decline of 0.13%. Compared with the same period of the previous year, the CSPI long products and sheet indices decreased by 16.73 points and 16.63 points respectively, with declines of 14.58% and 15.00%.

From January to February, the average value of the CSPI long products index was 98.62 points, a year-on-year decrease of 16.80 points, representing a decline of 14.56%. The average value of the sheet metal index was 94.26 points, a year-on-year decrease of 17.18 points, representing a decline of 15.41%.