Steel market price forecast on January 27

Rebar: On January 26, the average price of 20mm grade 3 rebar in 25 major cities across the country was 4,350 yuan/ton, an increase of 4 yuan/ton from the previous transaction. At present, the festive atmosphere is gradually rising, most terminal projects are gradually entering the final stage, and market demand has further fallen. In terms of mentality, most manufacturers have introduced winter storage policies one after another, and the overall market mentality is more cautious. It is expected that domestic construction steel prices may consolidate in the short term.

Hot-rolled coils: On January 26, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 4502 yuan/ton, an increase of 12 yuan/ton from the previous trading day. Yesterday, the spot market's mentality was slightly better, and merchants' quotations rose slightly, but after the rise, market transactions were generally average. At present, the downstream demand is relatively weak, and the terminals have gradually begun to take holidays. It is difficult for market transactions to increase significantly. Merchants with higher inventories still focus on shipments, and cashing out funds reduces risks, so the price increase is limited. It is expected that the hot-rolled coil market will continue to fluctuate today.

Cold rolled coil: On January 26, the average price of 1.0mm cold coil in 24 major cities across the country was 5,382 yuan/ton, an increase of 7 yuan/ton from the previous trading day. Towards the end of the month, steel mills have successively introduced settlement prices. Anshan Iron and Steel has settled 5800 yuan/ton in Shanghai and Laiwu Steel has settled 5170 yuan/ton. The settlement price of Thai Steel is 5230 yuan/ton. Judging from the settlement price of steel mills, the resources of low-priced shipments in the early stage basically lost money. Yesterday traders took the initiative to raise the shipping price; from the perspective of demand, the current terminal demand will not be able to increase the volume. Sex. It is expected that domestic cold rolled prices will run weakly today.