Steel mills increase prices intensively, and steel prices should not chase high

Date: 2022-04-20

Steel mills increase prices intensively, and steel prices should not chase high On April 19, the domestic steel market price rose slightly, and the ex-factory price of Tangshan ordinary billet rose 20 to 4810 yuan/ton. The National Development and Reform Commission said that the next step will be to ensure the supply and price of bulk commodities. Affected by this news, the black futures futures market dived in late trading, the spot market price loosened, the market trading atmosphere weakened, and the trading volume shrank. Recently, many parts of the country have been affected by the epidemic, and the Tangshan area has been banned again, and both the demand and supply of steel have been affected to varying degrees. Market sentiment has also changed. However, the macro policy preference and the steel cost are supported, and the short-term steel price is expected to fluctuate at a high level. Post time: Apr-20-2022

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