company news about Gradually entering the off-season of demand, the downward pressure on steel prices increases

Steel prices generally fall

Among the 24 rebar markets, 11 rose 10-40, and 1 fell 10. The average price of 20mmHRB400E was 4,953 yuan/ton, and the average price was up 12 yuan/ton from the previous trading day;

Among the 24 hot coil markets, 6 rose 10-30, 3 fell 10-30, and the average price of 4.75 hot-rolled coil was 5,047 yuan/ton, an increase of 6 yuan/ton from the previous trading day.

Among the 22 medium and heavy plate markets, 6 rose by 10-40, and 3 fell by 10. The average price of 14-20mm medium plate was 5,235 yuan/ton, an increase of 4 yuan/ton from the previous trading day.

Futures steel fell as a whole today

Today, the main thread futures fell 46 to 4612, a decrease of 0.99%; the main hot coil fell 26 to 4730, a decrease of 0.55%; the main coke fell 121 to 3280.5, a decrease of 3.56%; the main coking coal fell 112 to 2543.5, a decrease of 4.22% ; Iron ore fell 11 to close at 796, or 1.36%.

Scrap price update

Price adjustment: Donghua, Chunxing notice: Heavy A will be increased by 20 yuan to implement 3570 yuan, high-quality up to 120 yuan, and other materials will be priced based on the time of entering the factory!

Price adjustment: Qinhuangdao Anfeng scrap steel increased by 20: round steel head, four-thickness punching bean 3780, die steel, large-flange sheet, 50-thick upper heavy-duty 3760, tower crane beam 3560, 2-thick horse tellurium iron 3660.

Price adjustment: Tangshan Yangang scrap steel rose 5-10: high-quality 3710, heavy A3660 heavy B3560, medium A3620, high-quality cast iron 3540 furnace-3560 shear-3540.

Price adjustment: Handan Huaxin scrap increased by 30, execution price: steel head 3680-3750 red bean discus 3680-3750 die steel pure rail U-shaped steel 3740 steel sheet 3720-3750 angle groove sheet 3580-3680 horseshoe 3630-3680 small train Material 3740 shear material 3680-3700 does not include tax, unit: yuan / ton.

Steel price forecast

The current steel market is still characterized by weak supply and demand. In the context of epidemic prevention and control, the demand-side resumption of work is still slow, while the supply-side, due to the overall decline in raw material prices, the reduction in steel costs, and the improvement in profits, the output of steel mills is in a stable state, and the steel inventory has recently decreased, but the magnitude is small. . Overall, the supply of the steel market is slightly greater than the demand, and the supply and demand are weakly balanced, showing a downward trend as a whole. However, under the condition that the macro expectations are continuously boosted and the demand cannot be falsified, it is difficult for the steel price to have a deep decline in the short term.

Considering the impact of the recent heavy rain, many construction sites in Guangdong have been suspended. When the rainy season in the south is approaching, the steel market gradually enters the off-season of demand, and the downward pressure on steel prices increases. Therefore, based on the above analysis, the steel price will be stable and weak in the short term.