Steel market price forecast on March 15

Rebar: On March 15, the average price of 20mm grade 3 rebar in 25 major cities across the country was 4,730 yuan/ton, down 8 yuan/ton from the previous trading day. Affected by the environmental protection restrictions in Tangshan during the weekend, the steel billet first fell and then rose. On the morning of the 15th, the domestic construction steel prices were partly stable and some were stable. In the afternoon, as the steel billet continued to rebound, the low-level resources of the spot market rebounded, and the snails rebounded during the same period, and the market pessimism was restored. It is expected that domestic construction steel prices may continue to fluctuate at a high level on the 16th.

Hot-rolled coil: On March 15, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 4,975 yuan/ton, an increase of 7 yuan/ton from the previous trading day. On the 15th, the spot market had a strong mentality in the early trading, and merchants' quotations rose slightly. However, market transactions were generally average. In late trading, with the rise of futures, prices in some cities rose again slightly, but high transactions were relatively weak. At present, there are relatively few inventory resources in the market, and merchants have little pressure on shipments. Coupled with cost support, merchants are more willing to price. However, the downstream has low acceptance of high-priced resources. Basically, it is mainly based on on-demand procurement. It is difficult to significantly increase the volume of transactions. . On the whole, it is expected that the price of hot-rolled coil on the 16th may maintain a volatile operation.

Cold rolled coil: On March 15, the average price of 1.0mm cold coil in 24 major cities across the country was 5,685 yuan/ton, down by 6 yuan/ton from the previous trading day. On the 15th, the spot hot-rolled spot fluctuated within a narrow range in some areas, and the cold-rolled market fluctuated slightly. From the feedback from the local market, the pressure on inventory resources was not great, and traders were more willing to price, and downstream orders were mostly purchased on demand. On the whole, it is expected that on the 16th, the cold rolling market will be adjusted in a narrow range.

Plate: On March 15th, the average price of 20mm ordinary plates in 24 major cities across the country was 4,980 yuan/ton, an increase of 1 yuan/ton from the previous trading day. On the morning of the 15th, the spot market transaction was slightly light, and after the late afternoon futures pulled up, the transaction turned for the better. In terms of steel mills, on the 15th, mainstream steel mills focused on stabilizing the single price negotiation, and some were slightly lowered. At present, the overall single negotiation resource ordering cost is relatively high, and the willingness to accept the circulation side is low, especially for low alloys. The ex-factory price increases the freight. Much higher than the spot price of the destination city. In terms of demand, the current downstream demand is acceptable and the resilience is sufficient, but the procurement schedule will be adjusted in consideration of factors such as high prices. The price of plate is expected to be stable and strong on the 16th.