Steel market price on April 19

Rebar: On April 19, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 5,090 yuan/ton, down 6 yuan/ton from the previous trading day. At present, the construction steel market is still in the peak season destocking stage, but the recent construction steel production has continued to rise slightly, coupled with the short-term downstream demand continues to release limited incremental space, the digestion speed of construction steel inventory may decline slightly. At the same time, considering that the market and downstream have a certain degree of resistance or fear of high-priced resources, it is expected that the domestic construction steel prices may be weak and narrowly adjusted in the short-term.

Hot-rolled coil: On April 19, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 5560 yuan/ton, down 5 yuan/ton from the previous trading day. On the 19th, the cargo market fell slightly, the spot market mentality was weak, merchants’ quotations were stable and slightly declined, the market transactions were generally average, and prices in some cities fell again in the afternoon. At present, end-users are relatively cautious in purchasing, and they are basically purchasing on-demand. The transaction is difficult to release significantly, but the market inventory is relatively low, and with the support of cost, the possibility of a sharp drop in prices is unlikely. On the whole, it is expected that the price of hot-rolled coils may fluctuate within a narrow range on the 20th.

Cold rolled coil: On April 19, the average price of 1.0mm cold coil in 24 major cities across the country was 6,000 yuan/ton, down 10 yuan/ton from the previous trading day. According to market feedback, the overall transaction performance on the 19th was average, merchants had a strong wait-and-see sentiment, the overall inventory pressure was not great, the secondary agents were more active in complementing goods, and there were more downstream inquiries, but the actual transactions were not many; the regional spread gradually closed Narrow, there is no advantage in resources going south. On the whole, it is expected that on the 20th, the national cold-rolled price will fluctuate mainly in a narrow range.

Plate: On April 19, the average price of 20mm general-purpose plates in 24 major cities across the country was 5,575 yuan/ton, down 5 yuan/ton from the previous trading day. This week's plate production is expected to continue to decline. In addition to the decline in production in Hebei due to production restrictions, there are more recent plans for maintenance of medium plate plants in East China. In terms of demand, at the current high prices, for companies that have received long-term orders, even if they are at a loss, procurement needs still exist, while for short-term orders, downstream companies can drag them if they can, and there will be no increase in volume. It is generally predicted that the price of plate will be strong this week.