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Steel market price on January 10, 2022

Jan 11, 2023

Construction steel: On January 10, the average price of 20mm Grade III seismic deformed steel bars in 31 major cities nationwide was 4229 yuan/ton, up 4 yuan/ton from the previous trading day. In the short term, traders at the downstream end and circulation end will leave the market and return home in succession this week, and the transaction will be more light in the second half of the week.


Hot rolled plate and coil: On January 10, the average price of 4.75mm hot rolled plate and coil in 24 major cities nationwide was 4188 yuan/ton, up 1 yuan/ton from the previous trading day. Near the Spring Festival holiday, the downstream terminal demand is not willing to stock up. Under the condition of weak demand and continuous losses, some steel plants have maintenance plans after the year. Recently, some merchants in the market began to close the business, and the market transaction was cold.


Cold rolled coil: on January 10, the average price of 1.0mm cold coil in 24 major cities across the country was 4617 yuan/ton, up 4 yuan/ton from the previous trading day. The merchants reported that they were not willing to sell at a low price under the condition of high cost and good expectation, and the downstream continued to have holidays at this stage, so the price fluctuation was small. In terms of transaction, the shipment volume of the national cold-rolled sheet and coil market on the 10th was 12936 tons, a decrease of 1819 tons or 12.33% compared with the previous trading day. In terms of inventory, as the Spring Festival holiday approaches, the market demand gradually shrinks and the inventory continues to rise. Traders will seize the time to ship, hoping to reduce the inventory before the Spring Festival to relieve the inventory pressure after the holiday.


Medium and thick plate: On January 10, the average price of 20mm ordinary plate in 24 major cities across the country was 4238 yuan/ton, up 8 yuan/ton from the previous trading day. It is understood that under the background of the off-season of the downstream terminal demand, the loss-making operation of the steel plant will be superimposed at the end of the year, and the winter maintenance will be started in succession, and the steel market will be characterized by weak supply and demand. Intermediate merchants and downstream terminals began to have holidays this week. Most outdoor construction projects in the north have been stopped, while the situation in the south is also not optimistic. The purchase volume has decreased, and the market demand continues to decline. Before the festival, traders are cautious, and the market is in the semi-closed stage.

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