The average price of hot-rolled coil has been declining for the fourth consecutive year, with maintenance in December potentially boosting the market.

In 2025, the price of hot rolled coil presents a "reverse N" trend, with an average price of 3356.61 yuan per ton by the end of November, a year-on-year decrease of 8.62%, and the average price has been falling for four consecutive years. Analyst Haimin from Zhuochuang Information believes that after July, the price of hot rolled coil has shown a fluctuating downward trend. In December, with the increase in maintenance and production reduction of hot rolled coil enterprises, the supply-demand contradiction may be eased. Specifically, in terms of supply, the maintenance loss in December increased by 951,000 tons compared to November; in terms of demand, downstream demand shows resilience. In the short term, the decrease in supply may be greater than the decrease in demand, combined with the improvement in market sentiment, it is expected that the hot rolled coil market will remain strong and consolidate in a fluctuating manner.