Latest steel price

The domestic steel market strongly counterattack, departure from the traditional relationship between supply and demand , prices rise in the burden market, cost support continued strength; futures market for several days pulled out a small red line, black main contract with a new high; and environmental inspection efforts to strengthen, , Driven by expansion the scope of stop and limit product steel these favorable factors, the domestic steel market once again shows off-season is not short.

First of all, Friday night plate rebar refresh this year's new high, coke supply and demand mismatch, continue to firm. As of closing, the main contract rebar 1701 to close at ￥2770 / ton, up 44%. Hot volume main contract to close at ￥3142 / ton, up 13%. Coking coal main contract 1701 to close at ￥1388.5 / ton, up 52.5. Coke 1701 main contract closed at ￥1946 / ton, up 75%. Iron ore main contract 1701 to close at ￥502 / ton, down 1.5.

Second, the environmental protection efforts continue to increase, the North lots of steel enterprises face cut-off. Tangshan , on the basis of stop rolling steel on 3ird , start the most restrictive measures on the 4th  --- 4, 15:00 onwards, to ensure safe production , all coking enterprises to immediately stop coking industry, coal, And the coke time extended to 48 hours; all of the sintering machine (including the furnace) to stop production, furnace stew furnace; all rolling stop production. There are individual blast furnace business shutdown, 19 rebar production line shutdown, affecting production of about 3.7 million tons / day; 8 wire production line shutdown, affecting production 12,900 tons / day.

Furthermore, steel mills continue to increase the ex-factory price. Following Thursday's 30 mills raised ex-factory prices, Friday 25 to continue to raise prices. Among them, Jiyuan show the highest increase, reaching ￥80 / ton. At present, the ex-factory price of Shougang 18-25 seismic steel up to ￥3525 / ton, Shaanxi Steel, Granville steel Chengdu and Kunming,the same ex-factory price of steel with be more than ￥3450 / ton.