China Steel Products Futures Market & Price Tendencies – March 30, 2026

HRC, Billets, and Freight.

China’s steel and raw materials futures market showed a generally positive trend today, with most contracts moving upward, reflecting cautious optimism across the sector.

Steel Futures Edge HigherRebar futures (D-bar 2605) rose to 3,139.0, marking a 0.58% increase, signaling improved sentiment in the construction steel segment. This uptick suggests expectations of steady demand from infrastructure and building activity.

Hot Rolled Coil (HRC 2605) also recorded gains, climbing to 3,308, up 0.33%. The increase reflects stable downstream demand, particularly from manufacturing industries.

Raw Materials Show Mixed MovementIron ore futures (2605) saw a marginal rise to 813.0, up 0.06%, indicating relatively stable input costs for steel producers.

Coke futures (2605) increased to 1,753.5, gaining 0.20%, which may point to firming support in steelmaking inputs.

In contrast, coking coal (2605) declined to 1,214.0, down 0.33%, suggesting some easing in raw material cost pressures from the coal segment.

Market OutlookThe overall upward movement in steel futures, coupled with mixed raw material trends, indicates a cautiously bullish market tone. Participants appear to be balancing expectations of demand recovery with cost-side fluctuations.

Key factors to watch include:

• Policy direction on infrastructure and real estate

• Raw material supply dynamics

• Seasonal demand trends in construction and manufacturing

Freight.

It is increased for many directions, we can see from 10 to 25 USD price difference compare to February 27, 2026. The reason is oil price increases, insurance fee increases, and reduction of the ships for conflicting regions.

Do you need to buy now steel products?

The prices wont go down in coming several months, so, mills which are depending on the products such as HRC, CRC, Billets, Wire Rods, Rebars, and other raw or semi-raw materials, they can make inner decision and proceed to purchase.

ConclusionToday’s futures market reflects a stable-to-positive outlook for China’s steel sector. While gains remain moderate, the upward bias in steel contracts may provide short-term support to spot prices, with volatility in raw materials continuing to influence market direction.

If you need quotation, feel free to contact me:

Dr. Beghan Beghanov 

ITG Group

Xiamen ITG Metals CORP., LTD.

Business Manager of International Marketing Department

Adress: Xuan Yue Road No.4686, Guomao Center, Huli District, c. Xiamen, China.

Whatsapp: +90 552 175 0884

Turkish mobile: +90 5521750884

Chinese Mobile: +86 13159209694

WeChat: Beghan1

Email: beghanovbeghan@itg.com.cn