On September 23, the domestic steel market price rose, and the ex-factory price of Tangshan billet remained stable at 5230 yuan/ton($817/ton). In terms of transactions, due to the recent rapid increase in steel prices, the price of rebar in some regions has exceeded 6,000 yuan/ton($937/ton), therefore the terminal wait-and-see sentiment is strong. In the afternoon, the transaction of steel resources at high price is so so.
Steel spot market
Construction Steel: On September 23, the average price of 20mm Class III seismic rebar in 31 major cities of China was 5778 yuan/ton($902/ton), an increase of 23 yuan/ton($3.6/ton) from the previous trading day.
Hot-rolled coils: On September 23, the average price of 4.75mm hot-rolled coils in 24 major cities of China was 5807 yuan/ton($907/ton), down 2 yuan/ton($0.31/ton) from the previous trading day.
Cold rolled coil: On September 23, the average price of 1.0mm cold coil in 24 major cities of China was 6,500 yuan/ton($1015/ton), down 1 yuan/ton($0.16/ton) from the previous trading day.
Raw material spot market
Coke: On September 23, the coke market operated stably.
Scrap steel: On September 23, the scrap market price stabilized. The average scrap price in 45 major markets of China was 3,316 yuan/ton($518/ton), up 2 yuan/ton($0.31/ton) from the previous trading day, and mainstream steel mill scrap prices remained stable.
Win Road International Steel Product
Post time: Sep-24-2021