The current market price of steel
On June 7, the domestic steel market price fluctuated weakly, and the ex-factory price of common billet was stable at 4,500 yuan/ton($692/Ton).
Market prices of four major steel
Construction steel: On June 7, the average price of 20mm rebar in 31 major cities of China was 4,839 yuan/ton($744/Ton), down 15 yuan/ton($2.3/Ton) from the previous trading day.
Hot-rolled coil: On June 7, the average price of 4.75mm hot-rolled coil in 24 major cities of China was 4,911 yuan/ton($755/Ton), down 11 yuan/ton($1.69/Ton) from the previous trading day.
Cold-rolled coil: On June 7, the average price of 1.0mm cold coil in 24 major cities of China was 5,442 yuan/ton($837/Ton), down 5 yuan/ton($0.76/Ton) from the previous trading day.
Market prices of raw materials and fuels
Imported ore: On June 7, the spot market price of imported iron ore rose slightly, and the market sentiment was acceptable.
Coke: On June 7, the coke market was stable and strong, and the coke prices of coke companies in various places increased slightly by 100 yuan / ton($15.3/Ton), but there was no response from mainstream steel mills.
Scrap steel: On June 7, the average price of scrap steel in 45 major markets of China was 3,247 yuan/ton($499/Ton), an increase of 10 yuan/ton from the previous trading day.
Steel market price forecast
According to data, in late May, the daily crude steel output of key steel enterprises was 2.3193 million tons, a month-on-month increase of 0.88%;
At the beginning of this week, the steel market trading volume was average, weaker than before the Dragon Boat Festival, and today's steel price gains were blocked. First of all, after the steel price has risen for several consecutive days, the rhythm of downstream terminal purchases has slowed down. At the same time, it has a certain relationship with the heavy rainfall and the high risk of flood disasters in many places in the south. In addition, during the middle and high school entrance examination, construction sites within a few hundred meters of the test sites in various places will be suspended, which will also affect some demand.
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Post time: Jun-08-2022