Product News
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Steel mills increase prices intensively, and steel prices should not chase high
On March 17, the domestic steel market generally rose, and the ex-factory price of Tangshan common billet rose by 20 to 4,700 yuan/ton. Affected by the sentiment, today’s steel futures market continued to strengthen, but due to the frequent occurrence of domestic epidemics, the steel market...Read more -
Black futures rose across the board, and the rebound in steel prices may be limited
On March 16, the domestic steel market was mixed, and the ex-factory price of Tangshan billets rose 40 to 4,680 yuan/ton. In terms of transactions, as the futures snails rose sharply due to the macro news, steel mills in some areas actively pushed up the market, the mentality of merchants improve...Read more -
Intensive price cuts by steel mills, steel prices may continue to fall
On March 15, the domestic steel market generally fell, and the ex-factory price of Tangshan ordinary billet fell by 20 to 4,640 yuan/ton. In early trading today, black futures opened lower across the board, and the steel spot market followed suit. With the improvement of low-price transactions in...Read more -
Futures steel fell more than 4%, and steel prices may continue to decline
On March 14, the price decline in the domestic steel market expanded, and the ex-factory price of Tangshan ordinary billet fell by 60 to 4,660 yuan/ton. Today, the black futures market fell sharply, the market mentality weakened, and the transaction volume was significantly reduced. On the 14th, ...Read more -
Steel price or shock adjustment next week
This week, the mainstream prices in the spot market fluctuated within a narrow range, and the international political situation is still relatively tense. The market sentiment has improved after the inflection point of inventory this week, and market confidence has been restored. This week, the s...Read more -
Steel mills cut prices on a large scale, short-term steel prices may not fall
On March 10, the domestic steel market generally fell, and the ex-factory price of Tangshan common billet fell by 40 to 4,720 yuan/ton. The international crude oil and non-ferrous metal prices fell sharply on the 9th, causing the domestic black commodity futures market to open sharply lower in th...Read more