company news about The latest market trend of steel prices on May 12

[Construction Steel] On the 11th, the market price of construction steel fluctuated slightly. The average price of rebar in major cities was 4,989 yuan/ton, down 7 yuan/ton from the previous trading day. The screw thread fluctuated and rose. The closing price of the main contract was 4,681 yuan/ton, an increase of 91 yuan/ton from the settlement price of the previous working day, and a discount of 209 yuan/ton compared with the market price of Hangzhou Zhongtian thread of 4,890 yuan/ton. During the night session, the snails stopped falling and stabilized, and the market sentiment improved slightly. In the morning, the market price of construction steel in East China was running smoothly. In the later period of the opening, the snail fluctuated and moved higher, and the speculative demand in the market recovered, and some low-level resources in the session moved up slightly by 20-40 yuan / ton. Both terminals and speculators actively entered the market to purchase, and traders generally also actively cashed out, and the transaction throughout the day was significantly better than the previous trading day. However, Zhongtian Yonggang announced that the price of steel mills fell in mid-May, and the market was generally cautious and wait-and-see, and there was limited room for price rebound. Mainstream steel mills in Shandong reduced the purchase price of coke by RMB 200/ton, which eased the cost pressure of steel mills. It is expected that the recent construction steel market quotations will fluctuate mainly.

[Hot-rolled coil] The spot price of hot-rolled coil rebounded significantly on the 11th. The average price in major cities across the country was 5,007 yuan / ton, up 27 weeks from the 10th, down 187% from the previous month. Shanghai 4820-4840 yuan / ton rose 80 compared with the 10th, down 220 compared with the same period last week, Lecong 4920-4930 yuan / ton rose 60 compared with the 10th and fell 220 compared with last week. Tianjin 4930-4940 rose 30 from the 10th and fell 200 from last week. On the 11th, the futures rose in shock, closing at 4,775 yuan, up 77 yuan, or 1.64%, and Yangang's bidding price rose 90 yuan today. The spot price of Rizhao Steel was stable. The spot market generally rebounded today, with an increase of 30-80 yuan. Transactions in various regions were significantly better than in the previous period, and even hot transactions occurred in some regions. Affected by the good news such as the annual production limit yesterday afternoon, the market began to think that the bottoming and rebound range has begun, and the short-term price will fluctuate strongly.

[Cold-rolled coil] The average price of cold-rolled sheet in major cities across the country on the 11th was 5,706 yuan/ton, an increase of 1 yuan/ton from the previous working day and a decrease of 72 yuan/ton from the same period last week. The market price of cold rolling is stable and strong. Among them, the market price of Angang 1.0 cold coil in Shanghai area is 5490 yuan/ton, up 40 yuan/ton; Tianjin Tiantie 1.0 cold coil is 5420 yuan/ton, up 20 yuan/ton; Lecong Liugang 1.0 cold coil 5350 yuan / ton, stable. The market price of cold rolling rose slightly, ranging from 10-40 yuan / ton. The futures market fluctuated upwards, and the effective control of the epidemic was released. The reduction of crude steel continued, the market price stabilized first and then rebounded slightly. The downstream purchases were active and the overall transaction was completed. Significant improvement from the previous day. In recent days, due to heavy rainfall in some areas, logistics and transportation have been limited. Baosteel's price adjustment policy was introduced in June, and the price was lowered by 100 yuan/ton. The cost was moving downward, and the supply was expected to decrease. It was difficult to reflect the actual demand in a short period of time. The market price may fluctuate within a narrow range and stabilize. The terminal is concerned about the epidemic situation and the resumption of downstream production.

[Coating] On the 11th, the national market price of coated sheets was stable and weak. The average price of 1.0mm galvanized sheets in major cities was 6,183 yuan (ton price, the same below), down 5 yuan compared with the previous day; 0.3 in major cities The average price of mm galvanized sheet is 6066 yuan, down 25 yuan compared with the previous day; the average price of 0.47mm color-coated sheet in major cities is 7187 yuan, which is the same as the previous day. Today's black futures stopped falling and rebounded, and the market sentiment eased slightly. The price of galvanized was mainly weak and stable, and the price of color coating was slightly compensating. The National Development and Reform Commission said that it will carry out the reduction of crude steel production nationwide, and the United States canceled the tariffs imposed on Chinese imported products, and the news continued to show good news. It is expected that the market price of coated sheets will fluctuate strongly tomorrow. Yesterday, Baosteel, Anshan Iron and Steel and Benxi Iron and Steel Group's galvanized ex-factory prices in June remained flat. Today, the ex-factory price of galvanized steel from private steel mills in the north is stable, and the price of cold-rolled base materials in Hanxing area is 5,100 yuan.

[Seamless pipe] The market price of seamless pipes fell by 30-50 yuan/ton on the 11th, and the transaction was average. The average price of 108*4.5 seamless pipes in 33 cities was 6379 yuan/ton, which was higher than the previous trading day. Down 19 yuan / ton. Today, the price of bulk steel has risen sharply, which has a great impact on the market mentality, and the merchants are more confused. The ex-factory price of seamless pipe factories has been reduced by 20-100 yuan / ton. In some areas, there are few resources and the price is relatively firm. It is understood that the raw material transportation cost of the seamless pipe factory is relatively high at present, and the raw material inventory is not much, so some pipe factories are willing to raise the price. Liaocheng thick-walled pipe is quoted at 5,800 yuan / ton. The attitude of the butler manufacturers is not good, and they may be prepared to lower the price later. It is expected that the market price of seamless pipes may decline in a narrow range in the near future.

[Stainless Steel] The spot price of stainless steel was partially lowered on the 11th. Wuxi market: the quotation of 304 cold-rolled Taigang was 21,000 yuan/ton, which was stable compared with the previous trading day; the quotation of Hongwang Resources was 20,200 yuan/ton, which was 100 yuan/ton lower than that of the previous trading day; the quotation of 304 hot-rolling was 19,800 yuan/ton, down 100 yuan/ton from the previous trading day. 200 series: The market continues to be weak today, and most of them continue to adjust flexibly. At present, the mainstream of J1 four-foot cold-rolled resources tin Buddha is reported to be 10,350-10,650 yuan/ton for burrs, and the J2J5 resources go to 9,900-10,000 yuan/ton for burrs. In general, the spot of stainless steel is troubled by transactions, and the futures are greatly adjusted, so the market price tends to be lower and adjusted. At present, there are few cold-rolled resources held by spot merchants, and hot-rolled spot resources are relatively abundant. Prices continued to adjust within a narrow range.