Steel mills increase prices intensively, and transactions shrink significantly

Steel mills increase prices intensively, and transactions shrink significantly On April 13, the domestic steel market mainly rose, and the ex-factory price of Tangshan billets rose by 20 to 4,780 yuan/ton. In terms of transactions, the downstream purchasing sentiment was not high, and the spot in some markets fell, and the transaction decreased significantly throughout the day. There are many uncertainties in the market recently, including repeated domestic epidemics and unstable international geopolitical situations. On the one hand, there are still obstacles in the transportation and logistics in many places. It is difficult for the demand for steel to continue to improve in April, the performance is very unstable, and the fundamentals of supply and demand are weak. On the other hand, domestic macro policy preferences, multiple departments have introduced logistics rescue policies, and monetary and fiscal policies are also expected to be relaxed and overweight. At present, there is a wait-and-see mood in the market, and traders are increasingly afraid to judge the market situation. Most of them focus on reducing warehouses and increasing anti-risk capabilities. Short-term steel prices may still fluctuate within a range. Post time: Apr-14-2022