Market price of steel on August 21, 2023

Building steel: On August 21st, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3750 yuan/ton, a decrease of 27 yuan/ton compared to the previous trading day. Specifically, last Friday's night trading saw a significant weakening of the snail market, and today's morning trading saw domestic construction steel prices continue their weekend decline. From the perspective of transaction, downstream wait-and-see has increased, demand performance is sluggish, market mentality is cautious, and all day shipments are poor.

Hot rolled plate and coil: On August 21st, the average price of 4.75mm hot rolled plate and coil in 24 major cities across the country was 3948 yuan/ton, a decrease of 26 yuan/ton compared to the previous trading day. The supply of steel has increased, but the sustainability of demand recovery remains to be seen. The macro positive boost effect is limited, and the low futures price has slightly recovered. The impact of adverse weather has weakened, and terminal demand has seen a slight rebound.

Cold rolled sheet and coil: On August 21st, the spot price of cold rolled sheet and coil nationwide was weak, with a national average price of 4642 yuan/ton, a decrease of 3 yuan/ton compared to the previous trading day. The black futures market fluctuated, with spot prices in some cities decreasing. Near the end of the month, there are many traders surrendering to speed up their outbound shipments, and the overall transaction situation is still acceptable. In terms of mentality, it is still in the off-season of the market, and downstream demand is relatively weak. Merchants hold a wait-and-see attitude towards the future market.

Medium thick plate: On August 21st, the average price of 20mm regular plate in 24 major cities across the country was 4078 yuan/ton, a decrease of 17 yuan/ton compared to the previous trading day. Futures market volatility is weak, spot transactions are poor, and prices have slightly declined. In terms of resources, the direct supply orders of northern steel mills have declined, and the settlement resources have been released in bulk to the south, increasing the supply pressure on the circulation end. In terms of demand, overall downstream procurement is lukewarm and tepid, especially when futures decline, the volume of goods taken continues to decline. In terms of price difference, due to the overall low price difference between ordinary plate and low alloy, some steel mills have adjusted their production structure, and it is expected that the price difference will be repaired to the level of 200 yuan/ton in the future.