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Steel market prices on September 6, 2022

Sep 07, 2022

Construction steel: On September 6, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 4,117 yuan/ton, an increase of 7 yuan/ton from the previous trading day. Specifically, the snail fluctuated in the early trading period, and the price of domestic construction steel rose slightly in the morning. In terms of transactions, the market transaction situation was normal after the morning market rise. In order to facilitate transactions, the actual transaction prices of some market merchants dropped secretly. In the afternoon, the transaction prices basically returned to the closing level of yesterday, and the transactions were average throughout the day. In the short term, entering September, the demand has not improved significantly, the price increase lacks motivation, the overall mentality of merchants is stable, and there are more and more market operations.


Hot-rolled coil: On September 6, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 4,030 yuan/ton, up 13 yuan/ton from the previous trading day. The black commodity futures market fluctuated strongly today. The spot market quotations rose slightly in early trading. After the rise, the market transactions were normal. In the afternoon, the disk market tried to rise, but the transactions were slightly weak after the rise, and the price increase was obviously restrained to a certain extent. On the whole, the current market demand has not seen a significant improvement, and the digestion of inventory varies from place to place. The pressure on inventory in East China is even greater, which also leads to the current price in East China at a low level in the country. After a new round of raw materials has landed, the finished product passively follows. The raw materials have weakened slightly, and the profit of steel mills is still being compressed logically, and the short-term market price will remain volatile.


Cold-rolled coil: On September 6, the average price of 1.0mm cold coil in 24 major cities across the country was 4,468 yuan/ton, an increase of 6 yuan/ton from the previous trading day. Today's black futures market fluctuated strongly, driving the domestic cold-rolled coil spot market price to rise slightly. It is reported that some market resources are sufficient, and merchants are not willing to adjust prices. The main thing is to ensure transactions, and there may even be a dark drop in some cases, but The dark drop is not large, and the overall shipment performance is acceptable. In terms of mentality, at present, some merchants with high inventory pressure in East China still focus on actively shipping out to warehouses in operation, and many merchants are still worried about the market outlook.


Medium and heavy plate: On September 6, the average price of 20mm common plate in 24 major cities across the country was 4,251 yuan/ton, an increase of 5 yuan/ton from the previous trading day. This week, the output continued to decline slightly. Some steel companies chose to overhaul due to the squeeze of profits. Except for the meager profits in some areas, the rest of the electric furnaces suffered serious losses, and the short-term process has been in a state of shutdown. The traditional peak season of gold nine silver ten has a certain boost to the mentality of traders, and the enthusiasm for replenishment has increased. However, due to the recent loosening of prices, the transaction volume has shrunk significantly, and prices are needed to stimulate shipments in the later period. After the off-season, some downstream industries of medium and heavy plate, such as shipbuilding and infrastructure, are currently supported, the proportion of steel structure industry has declined, and other industries are basically in a downward trend.

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