Some signs of consolidation in domestic steel prices have not completely changed

According to Xinhua News, on the 26th, in the past week, there have been some signs of consolidation in domestic steel prices, but the market's overall weakness has not completely changed.

According to monitoring, in the past week, the specific market trend of all major steel products was: high and low construction steel prices before and after adjustments, except for Shanghai, Hangzhou, Beijing, Tianjin, and other places that fell slightly compared to last week, other Regional prices have risen; plate prices have risen slightly, and the ton price in the Nanjing market has risen by 100 yuan. It is the only city in the week where plate prices have risen to 100 yuan; the prices of cold and hot coils have risen slightly, and the Shanghai market has increased slightly. Thick tonnage of hot-rolled products is consolidating at a level of around 3,180 yuan; the prices of large and medium-sized profiles are basically stable.

According to analysis, in the field of construction steel, the market showed a trend of first rise and then fall. After the tonnage of rebar products in the Shanghai market reached 3,250 yuan, it only lasted for less than 2 days and fell continuously to 3100 yuan to 3,200 yuan. In the case of the Guangzhou market, where prices have changed little, prices have remained stable; Beijing and Tianjin have declined. Within a week, a total of 7 rebar producers and five wire rod manufacturers adjusted their ex-factory prices, up and down by half. On the whole, rebar has entered the best season for consumer spending throughout the year, and local consumption levels have improved significantly from the previous period. At present, the prices of steel raw materials are still low; rebar futures prices have been gradually lower since the beginning of the week, which has brought poor expectations to the spot market and led to a drop in spot market prices. Judging from this, the construction steel price will still be in a weak state next.

The price of plate is generally stable. The ton price of common carbon plate products has been in the range of 3,200 yuan to 3,280 yuan for 4 weeks. It has adjusted upwards or downwards. The current market performance is still not very clear. The overall price of hot and cold coils rose slightly. It is estimated that the next step will continue to be in a weak state.