News
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Short-term steel prices may continue to rise
On March 1, the domestic steel market increased in price, and the ex-factory price of Tangshan ordinary billet rose by 50 to 4,600 yuan/ton. Today, the black futures market rose sharply, the spot market followed suit, the market sentiment was positive, and the trading volume was heavy. Macroscopi...Read more -
Futures steel rose strongly, and steel prices fluctuated strongly in the starting season
On February 28, the domestic steel market mostly rose, and the ex-factory price of Tangshan common billet was stable at 4,550 yuan/ton. With the warmer weather, downstream terminal and speculative demand have improved. Today, the black futures market generally rose, and some merchants followed th...Read more -
Low market sentiment, lack of motivation for steel prices to rise
The mainstream price in the spot market was weak this week. The decline in the disk this week led to a fall in the prices of finished products. At present, the market has gradually resumed work, but the demand is lower than expected. Inventory is still at a low level year-on-year, and short-term ...Read more -
The billet fell by another 50 yuan, the futures steel fell by more than 2%, and the steel price continued to fall
On February 24, the domestic steel market was mainly weak, and the ex-factory price of Tangshan billets fell by 50 to 4,600 yuan/ton. In terms of transactions, the futures snails dived in the afternoon, the spot market continued to loosen, the market trading atmosphere was deserted, the wait-and-...Read more -
Tangshan billet fell 40, steel prices weakened
On February 23, the domestic steel market was mainly weak, and the ex-factory price of Tangshan billets fell by 40 to 4,650 yuan/ton. Today’s spot market transactions have picked up slightly, but the overall market sentiment is poor, and the transaction performance is average. According to ...Read more -
Futures steel dives, transactions decline, and steel prices may follow suit
On February 22, the domestic steel market fluctuated strongly, and the ex-factory price of Tangshan common billet rose 20 to 4,690 yuan/ton. Today, the market quotations were stable in the early days and on the strong side. In the late afternoon, the market fluctuated and declined. The market pur...Read more