Win Road International Trading Co., Ltd

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APR20: Steel mills continue to raise prices, the sixth round of coke roll-out has landed

1. The current market price of steel

On April 20, the domestic steel market rose slightly, and the ex-factory price of Tangshan billets rose by 20 to 4,830 yuan/ton.

2. Market prices of four major varieties of steel

Construction steel: On April 20, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 5,140 yuan/ton, up 15 yuan/ton from the previous trading day.

Hot-rolled coil: On April 20, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 5,292 yuan/ton, an increase of 7 yuan/ton from the previous trading day.

Cold-rolled coil: On April 20, the average price of 1.0mm cold coil in 24 major cities across the country was 5,719 yuan/ton, down 1 yuan/ton from the previous trading day.

3. Market prices of raw materials and fuels

Imported ore: On April 20, the spot market price of imported iron ore in Shandong fluctuated within a narrow range, and the market sentiment was relatively deserted.

Scrap steel: On April 20, the national scrap steel market price rose steadily and moderately. The average price of scrap steel in 45 major markets in the country was 3,355 yuan/ton, an increase of 5 yuan/ton from the previous trading day.

Coke: On April 20, the coke market was relatively strong, and mainstream steel mills in Hebei have accepted the sixth round of price adjustment for coke, up 200 yuan/ton.

4. Steel market price forecast

On the afternoon of April 20, it was learned that Tangshan City will further strengthen the management of closure and control. Strictly implement the global closure and control measures, with regional closures, staying at home, and door-to-door services, laying a solid foundation for accelerating the realization of social "zero". Affected by the closure and control, Tangshan has added 2 blast furnaces for maintenance, and the blast furnace capacity utilization rate is 69.53%, down 1.11% week-on-week.

Recently, favorable macroeconomic policies have continued, and at the same time, the epidemic situation in more and more regions in China has stabilized, and the resumption of work and production is starting. However, the upgrade of Tangshan's sealing and control has led to additional maintenance of blast furnaces in some steel companies, and the recovery rate of steel production has slowed down. In the short term, the macro preference for superimposed steel costs is high and difficult, and there is still strong support for steel prices, but a trendy increase still depends on the progress of demand recovery, and short-term steel prices may fluctuate at high levels.


Post time: Apr-21-2022
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