On October 12, the domestic steel market price fell, and the ex-factory price of Tangshan ordinary billet fell 30 yuan($4.7/ton) to 5,300 yuan/ton($828/ton).
Construction Steel: On October 12, the average price of 20mm Class III seismic rebar in 31 major cities of China was 5976 yuan/ton($933/ton), down 59 yuan/ton($9.2/ton) from the previous trading day.
Hot-rolled coil: On October 12, the average price of 4.75mm hot-rolled coil in 24 major cities of China was 5880 yuan/ton($918/ton), down 43 yuan/ton($6.7/ton) from the previous trading day.
Cold rolled coils: On October 12, the average price of 1.0mm cold coils in 24 major cities of China was 6539 yuan/ton($1021/ton), down 6 yuan/ton($0.93/ton) from the previous trading day.
The domestic crude steel output declined significantly in late September. With the government correcting the “one size fits all” power curtailment, crude steel output is expected to rebound in early and mid-October. At the same time, after the national average price of 20mm tertiary rebar exceeded RMB 6,000/ton($937/ton), the current market is afraid of high price, and the downstream procurement volume has been significantly reduced due to cost pressure. On the whole, the mismatch of supply and demand in the steel market has eased.
Cold-rolled steel coil/sheet has smooth surface, excellent processing, used in automobiles, ,home appliances such as refrigerators, washing machines, industrial equipment, and various building materials. With the development of economy, cold-rolled steel plate has been called the necessary material of modern society. Classification of cold-rolled products: hot-rolled pickling, hard-rolled coils, ordinary cold-rolled. And cold rolled steel is the bas material of galvanized steel coil , galvalume steel coil, ects.
Win Road International Trading Co., Ltd manufacturing and specialized in international trading of cold rolled coils, galvanized coils, galvalume coils and sheets. The products are widely used and exported all over the world.
Post time: Oct-13-2021