Steel mills continue to raise prices, and steel prices are on the strong side

Steel mills continue to raise prices, and steel prices are on the strong side On April 20, the domestic steel market rose slightly, and the ex-factory price of Tangshan billets rose by 20 to 4,830 yuan/ton. On the 20th, the steel futures market strengthened, and the overall transaction situation in the spot market was acceptable. Recently, favorable macroeconomic policies have continued, and at the same time, the epidemic situation in more and more regions in China has stabilized, and the resumption of work and production is starting. However, the upgrade of Tangshan’s sealing and control has led to additional maintenance of blast furnaces in some steel companies, and the recovery rate of steel production has slowed down. In the short term, the macro preference for superimposed steel costs is high and difficult, and there is still strong support for steel prices, but a trendy increase still depends on the progress of demand recovery, and short-term steel prices may fluctuate at high levels. Post time: Apr-21-2022