On May 18, the domestic steel market price fell , and the ex-factory price of general billets fell by 40yuan/ton($5.9/ton) to 4,520 yuan/ton($674/ton). The actual transaction dropped obviously, and the transaction was weak throughout the day.
Market prices of major steel
Construction steel: On May 18, the average price of 20mm grade 3 seismic rebar in 31 major citiesof China was 4,874 yuan/ton($727/ton), down 40 yuan/ton($5.9/ton) from the previous trading day.
Hot-rolled coil: On May 18, the average price of 4.75mm hot-rolled coil in 24 major cities of China was 4,967 yuan/ton($740/ton), down 46 yuan/ton($6.8/ton) from the previous trading day.
Cold-rolled coil: On May 18, the average price of 1.0mm cold coil in 24 major cities of China was 5,535 yuan/ton($826/ton), down 20 yuan/ton($3/ton) from the previous trading day.
Steel market price forecast
According to a survey, the trading volume of building materials rose to 173,000 tons on Monday. The demand improved after the heavy rain in the south, but it shrank again to 143,000 tons on Tuesday. Although the situation of epidemic prevention and control in various places has gradually improved, enterprises still face many difficulties and blockages in resuming work and production, resulting in the actual demand for steel remains weak. Under the background of weak reality, the market sentiment is not good, and the black futures market weakens, which also drives the steel price to fluctuate weakly.
Win Road International Trading Co., Ltd specialized in galvanized steel coil, galvalume coil, aluzinc coil, galvanized sheet, roofing sheet, ppgi ppgl coil. Steel factory supply processing and distribution services for end users.Relying on the advantages of Baosteel's resources, the company radiates the whole country, and has established long-term cooperative relations with end customers. At the same time, in line with the principle of "quality assurance, reputation first", we continue to develop the market. Service areas (home appliances, auto parts, hardware accessories, fire fighting equipment, ventilation ducts,ects.
Post time: May-19-2022