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Steel market price on December 20, 2022

Dec 21, 2022

Construction steel: On December 20, the average price of 20mm Grade III anti-seismic deformed steel bars in 31 major cities nationwide was 4101 yuan/ton, down 8 yuan/ton from the previous trading day. In the short term, businesses are not optimistic about the future market situation near the end of the year, and most of them are active in shipping.


Hot rolled coils: On December 20, the average price of 4.75mm hot rolled coils in 24 major cities nationwide was 4117 yuan/ton, 12 yuan/ton lower than the previous trading day. The market has gradually declined this cycle, and the market transaction is weak. At the same time, the supply is also due to the poor profits of steel plants, and there are many shortages in some regions. The epidemic situation has led to the continued weakening of market consumption, and the weak state of supply and demand continues.


Cold rolled coil: On December 20, the average price of 1.0mm cold coil in 24 major cities nationwide was 4593 yuan/ton, down 7 yuan/ton from the previous trading day. Most spot prices have stabilized. In addition, affected by the epidemic, the number of transport vehicles in the market has decreased significantly, and the market trading atmosphere is cold. In terms of transaction, the shipment volume of the national cold rolled coil market was 15574 tons, 773 tons less than that on the 19th, a decrease of 4.73%. In terms of mentality, recently, the market mentality has been affected by the decline of futures volume and raw material prices, which has led to the gradual stabilization of the market bullish mood. Currently, most of them are in a wait-and-see situation.


Medium and heavy plate: On December 20, the average price of 20mm plain plate in 24 major cities nationwide was 4185 yuan/ton, down 10 yuan/ton from the previous trading day. Due to the rapid rise of steel prices last week, the enthusiasm of steel mills for production has been improved, but the profit has limited the capacity release, and the overall output has not changed much in the short term. Affected by the scheduling plan and shipment of the steel plant, the arrival of ordinary plate resources has slowed down, and some specifications in the market are out of stock. In terms of demand, by the end of the year, most outdoor construction projects in the north had stopped, and the overall demand showed a seasonal decline, while the construction progress in the south was significantly affected.

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