News
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Futures steel fell by 2%, and the rise in steel prices is unsustainable
On December 8, the domestic steel market went up and down, and the ex-factory price of Tangshan billet remained stable at 4360 yuan/ton. In terms of transactions, terminal purchases increased on the sidelines, speculative demand was scarce, spot prices in some markets loosened slightly, and trans...Read more -
The national construction steel oscillates weakly
This week, the nationwide construction steel prices fluctuated weakly, and from the perspective of price changes, the overall situation was strong in the south and weak in the north. The main reason is that the north is affected by the weather, and demand has entered the regular off-season. In th...Read more -
The central bank cuts RRR to release trillions of funds, and steel prices need to be cautious when chasing rising prices
Policy: The People’s Bank of China has decided that the 2022202201111111 financial institution funding reserve is 01.5 months and 20th (the percentage of the already invested% of the reserve investment funds). The relevant person in charge of the central bank said that the orientation of pr...Read more -
The latest steel market supply and demand situation
On the supply side, according to the survey, the output of large-variety steel products this Friday was 8,909,100 tons, a week-on-week decrease of 61,600 tons. Among them, the output of rebar and wire rod was 2.7721 million tons and 1.3489 million tons, an increase of 50,400 tons and 54,300 tons ...Read more -
China’s steel export prices stabilize, exports may pick up in the first quarter of 22
It is understood that, affected by the rebound in China’s domestic trade prices, China’s steel export prices have begun to stop falling. At present, the tradeable price of hot coils in China is around US$770-780/ton, a slight drop of US$10/ton from last week. From the perspective of i...Read more -
Steel prices fluctuated in multiple games in December
Looking back at the steel market in November, as of the 26th, it still showed a sustained and sharp decline. The composite steel price index fell by 583 points, and the prices of thread and wire rod fell by 520 and 527 points respectively. Prices fell by 556, 625, and 705 points respectively. Dur...Read more