Steel prices fluctuated strongly in this cycle

Steel prices fluctuated strongly in this cycle This cycle, the price of steel fluctuated strongly, the spot price of raw materials rose slightly, and the cost side moved up slightly. Under the influence of weak demand, the overall steel price showed a trend of stable, medium and small increase. As of January 7, the average price of 108*4.5mm seamless pipes in 27 major cities across the country was 5,911 yuan/ton, down 29 yuan/ton from last week. This week, the price of seamless pipes in most parts of the country fell by 50 yuan/ton. This cycle, the price of steel fluctuated strongly, the spot price of raw materials rose slightly, and the cost side moved up slightly. Under the influence of weak demand, the overall steel price showed a trend of stable, medium and small increase. The price of raw materials for seamless pipes continued to decline by 10-40 yuan / ton, but the decline narrowed. Most pipe factories lowered the prices of seamless pipes slightly. Affected by the rise in futures, the market mentality was restored to a certain extent, and the transaction of seamless pipes rebounded slightly. . Near the winter storage, most businesses still take a wait-and-see attitude. Most businesses believe that the price of winter storage in management plants still has room to drop. This week, the social inventory maintained a slight accumulation trend. On the whole, it is expected that the price of seamless pipes may stabilize next week. Post time: Jan-11-2022