According to the latest market analysis provided by Xinhua News Agency’s well-known steel and iron information organization “My Steelâ€, in the past week (June 13th to 20th), prices of major domestic steel products have “pulled downâ€.
The highest price of construction steel fell 200 yuan
According to "My Steel" monitoring, domestic steel prices have dropped by a certain extent in the past week. The specific market performance of all major varieties is: the decline in construction steel prices from a slight drop to a larger decline, the price of tons in major markets such as Beijing, Tianjin, Shanghai, and Hangzhou dropped by 200 yuan; the Guangzhou market dropped by 100 yuan; the price of plate fell slightly , Jinan, East China, Taiyuan, North China and other markets fell by 100 yuan in ton price, and other regions were within 50 yuan; most of the prices of hot-rolled coils were basically stable, and thin volumes in Shanghai, Hangzhou, and Guangzhou were relatively stable and thick. The volume of specifications fell by a certain margin. The price of cold-rolled coils fell by an average of 100 yuan per ton in markets such as Shanghai, Nanjing and Wuhan; the prices of medium-sized sections declined slightly.
According to the analysis, the price of construction steel fell sharply in eastern China. Within a week, a total of 12 rebar producers and five wire manufacturers reduced the factory prices.
Dealers are not optimistic about plate downtrend
Experts believe that the next major factor affecting the trend of construction steel market is: First, domestic investment in fixed assets is still strong. In the first five months of this year, investment in urban fixed assets increased by more than 25% year-on-year. Second, in order to ensure domestic power supply, the National Development and Reform Commission has issued a tariff adjustment plan. At the same time, temporary price intervention measures were adopted for coal prices. Third, the stock of construction steel in the domestic market was further reduced. At the weekend, Shanghai rebar stocks were only at 280,000 tons. Fourth, the prices of raw materials are stable at high levels, and some varieties have loosened. At present, the tonnage of pig iron in Shandong is still at the level of 4,900 yuan, and the prices in Jiangxi and other inland regions are even higher. The price of rebar billet in Jiangsu is 5,350 yuan per ton. Taking these factors into consideration, it is estimated that the construction steel price will continue to decline slightly in the next step.
The overall price of plate fell, market dealers are not optimistic about the outlook, risk awareness is gradually increasing, stability and a slight fall is the mainstream of the plate market. The price of hot-rolled coils was in a consolidating state, and the prices of cold-rolled coils fell after a slight increase, and the market transactions became weak. On the 20th, the "My Steel" domestic steel price index was 215.3 points, down 1.9% from last week.
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