Steel market price on April 28

Rebar: On April 28, the average price of 20mm Class III seismic rebar in 31 major cities across the country was 5230 yuan/ton, down 13 yuan/ton from the previous trading day. On the 28th, the price of construction steel in most regions loosened slightly. From the perspective of market transactions, after the recent concentration of terminal demand, the pace of downstream construction site purchases has slowed down, low transactions in some areas are acceptable, and transactions performed throughout the day. Spot prices are expected to continue to fluctuate and adjust on the 29th.

Hot-rolled coils: On April 28, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5,728 yuan/ton, down 30 yuan/ton from the previous trading day. On the 28th, the price of the black commodity futures market fluctuated downward, and the mentality of the spot market became weak. In the early morning, the quotations of merchants fell weakly. The market transactions were generally average, and prices in some cities fell again in the afternoon. At present, end users purchase on-demand basically, and transactions are difficult to release. However, the current new arrival resources are still low, the overall market inventory is not high, the sales pressure of merchants is not large, and the possibility of price drops is unlikely. On the whole, it is expected that the prices of hot rolled products will remain volatile on the 29th.

Cold rolled coil: On April 28, the average price of 1.0mm cold coil in 24 major cities across the country was 6,155 yuan/ton, down 8 yuan/ton from the previous trading day. Hot rolls in the futures market fell, and merchants were cautious. According to the feedback from various markets, end customers generally accept high-priced resources and mainly purchase on-demand. It is expected that domestic cold-rolled rolling prices will fluctuate at a high level on the 29th.

Plate: On April 28, the average price of 20mm common plate in 24 major cities across the country was 5697 yuan/ton, which was 3 yuan/ton lower than the price of the previous trading day. On the 28th, the goods fluctuated and weakened. Under the influence of this, traders were cautiously waiting and watching, and the quotations were mainly narrowed. In terms of transactions, market demand was tepid, and the overall transaction situation was average. In terms of steel mills, in the past few days, the increase in the unit price of steel mill locks far exceeded that of the market. Traders and terminals were not willing to place orders. The steel mills continued to lack motivation to push the price and mostly focused on stability. It is expected that the price of plate on the 29th will be dominated by weak consolidation.