On September 17, the domestic steel market prices went up and down, and the ex-factory price of Tangshan ordinary billet fell 30 yuan to 5,210 yuan/ton($814/ton). Today's black futures went down a little, downstream merchants had a strong wait-and-see sentiment, purchases decreased, and transactions performed was poor throughout the day.
Steel spot market
Construction Steel: On September 17, the average price of 20mm Class III seismic rebar in 31 major cities of Chian was 5,606 yuan/ton($875/ton), an increase of 4 yuan/ton（$0.6/ton） from the previous trading day.
Hot-rolled coils: On September 17, the average price of 4.75mm hot-rolled coils in 24 major cities of China was 5799 yuan/ton($906/ton), down 16 yuan/ton（$2.5/ton） from the previous transaction. The spot market price showed ups and downs today. And the early quotation was temporarily stable while as the steel market index rose, the spot price appeared to rise, but the transaction was so so after the increase. As the steel market index fell in the afternoon, the spot price also fell.
Cold rolled coil: On September 17, the average price of 1.0mm cold coil in 24 major cities of China was 6,505 yuan/ton($1016/ton), down by 5 yuan/ton($0.8/ton) from the previous trading day.
Raw material spot market
Imported mines: On September 17, the market price fluctuated downward, the market activity was average, and the transaction was well.
Coke: On September 17, the market moved strongly. This week, the utilization rate of the full-sample coke enterprises excluding the eliminated capacity was 74.85%, a decrease of 2.64% from the previous week; the average daily output was 63.51tons, a decrease of 2.09tons.
Scrap steel: On September 17, the scrap market was operating weakly. The scrap price of mainstream steel mills was reduced by RMB 70/ton($11/ton), and the scrap price of the mainstream market went down.
Win Road International Steel Product
Post time: Sep-18-2021