Domestic steel prices fell for 10 consecutive weeks

According to Xinhua News reported on the 19th, in the past week, the domestic steel prices have continued to decline. This is the first consecutive week of falling steel prices. From the perspective of the sub-variety, the construction steel market has changed, showing a first decline and then rising trend.

According to monitoring, in the past week, the specific market trend of each major steel product category was: Construction steel prices were low and high. After adjusting, except for the southwestern region, which has fallen slightly compared to the previous week, other regions have risen. 25 Million-size rebar tonnage stood at over 3100 yuan; plate prices continued to decline, the decline has narrowed, the maximum ton price cut within 100 yuan; cold and hot coil prices were slightly lower, the Shanghai market thick gauge hot-rolled The ton price of products was consolidating around the level of 3080 yuan; the price of large and medium profile prices fell by around 20 yuan.

According to the analysis, the price of construction steel fell first and then rose. After the ton price of rebar in the Shanghai market fell below 3,100 yuan, it only lasted less than 2 days, and it rose to more than 3,100 yuan. Within a week, a total of 14 rebar manufacturers and 11 wire rod manufacturers adjusted their ex-factory prices, mainly for the first half of the week and mainly for the second half of the week. Measures to stimulate the economy have begun to take effect one after another. This week, the consumption of the construction steel market has recovered to about 80% of the level of the same period of last year. Rebar futures prices have been higher and higher from the beginning of the week, giving better expectations to the spot market and promoting the spot market. Price increased. However, it is still not certain that the construction steel market will return to the rising channel. The current market is still in a weak state, and there is limited room for upward correction.

The overall plate prices continued to fall. Xianggang and other steel mills lowered their ex-factory prices slightly. Tianjin plate prices fell to 3,000 yuan per tonne, which is worthy of attention. The price of hot and cold coils continued to decline in general. The 3.0-ton hot-rolled ton price in the Shanghai market hovered between RMB 3,200 and RMB 3,250, and fell by RMB 50 again. The tonnage of cold-plates prices were in Guangzhou, Qingdao, Kunming and Xi’an. Taiyuan, Urumqi and other places fell more than 100 yuan.