Steel market price on February 21, 2023

Construction steel: On February 21, the average price of 20mm Grade III seismic deformed steel bars in 31 major cities nationwide was 4333 yuan/ton, up 36 yuan/ton from the previous trading day. Specifically, the price of domestic construction steel in the morning continued to rise as a whole. From the perspective of transaction situation, the transaction situation in the morning market was general. In the afternoon, with the further increase of the futures price, the transaction volume at low price was slightly increased, and the transaction was generally fair throughout the day.

Hot rolled plate and coil: On February 21, the average price of 4.75mm hot rolled plate and coil in 24 major cities nationwide was 4319 yuan/ton, up 33 yuan/ton from the previous trading day. With the strengthening of the futures market, the spot market quotation in the morning rose slightly, and the market transaction after the rise was general. As the market continued to rise in the afternoon, some markets continued to rise, and the overall transaction was fair, and the market was in a cautious wait-and-see mood. In general, the current supply is at a low level, and the market is also in the stage of stock reduction. Speculative demand is acceptable, and the market is willing to increase the price. However, the demand for terminal steel is still lower than expected, and the short-term hot rolled coil price may fluctuate slightly.

Cold rolled coil: On February 21, the average price of 1.0mm cold coil in 24 major cities across the country was 4721 yuan/ton, up 35 yuan/ton from the previous trading day. The hot spot futures continued to run stronger, and the market's price rising sentiment was again pulled higher. In the morning, the prices of merchants were raised one after another, and the futures trend was relatively strong. Therefore, after the price rise, the overall transaction of the market was still relatively ideal. According to traders' feedback, at present, the overall inventory pressure of cold rolled sheet and coil is slightly reduced, and the demand is showing signs of gradual release, so we are optimistic about the future market.

Medium and thick plate: On February 21, the average price of 20 mm ordinary plate in 24 major cities across the country was 4405 yuan/ton, up 34 yuan/ton from the previous trading day. The futures market rose, boosting the market mentality, and the overall transaction was average. It is understood that at present, the pressure of spot inventory is moderate, and the enthusiasm of downstream terminal procurement is high, and some of them are mainly purchased on demand. The market is in the "recovery" stage. With the strong willingness of market merchants to stand up near the winter storage cost line, the market expectation is optimistic.