Steel market price on December 13, 2022

Construction steel: On December 13, the average price of 20mm Grade III anti-seismic deformed steel bars in 31 major cities across the country was 4053 yuan/ton, unchanged from the previous trading day. To be specific, the price of domestic construction steel remained stable in the morning, with individual declines. From the aspect of transaction, the market inquiry on that day was generally weak, the terminal procurement was suspended, the speculative demand disappeared, the snail low point rose slightly in the afternoon, the actual transaction price stopped falling, and the transaction throughout the day was weaker than the previous trading day.

Hot rolled coils: On December 13, the average price of 4.75mm hot rolled coils in 24 major cities nationwide was 4116 yuan/ton, down 4 yuan/ton from the previous trading day. In the early morning, the regional quotations declined due to the influence of the weak market, and the transaction was weak. As the futures market rose at the end of the day, the transaction began to pick up. On the whole, the panel is still in the rising channel at present, and the production cost of the steel plant continues to rise due to the impact of rising raw materials. Although epidemic prevention is relaxed at present, the impact in some areas is still large, and it will take time to completely eliminate the impact. At present, the short-term demand continues to be weak, and the target price of winter storage is still far away, so the upward pressure begins to appear in the short term.

Cold rolled coil: On December 13, the average price of 1.0mm cold coil in 24 major cities nationwide was 4564 yuan/ton, down 2 yuan/ton from the previous trading day. As the volume of black series futures fluctuated downward, the spot price on that day was mostly stable. Near the end of the year, the capital was tight, and some terminals were mainly cash collection, with weak overall demand. It is understood that with the favorable environment and the lack of local resources, the steel price in some markets has been strong recently, but it has no choice but to approach the end of the year. The sales period is less than half a month. The market is dominated by shipments at low prices, which are reported high and reported low.

Medium and heavy plate: On December 13, the average price of 20mm plain plate in 24 major cities nationwide was 4160 yuan/ton, down 4 yuan/ton from the previous trading day. The quotation was weak and stable in the morning. After the price was lowered in some regions, the transaction volume was slightly higher, and the high price transaction was blocked. At present, it is in the off-season of demand, and the downstream procurement enthusiasm is not good, and the procurement is mainly on demand. From the perspective of inventory, the current inventory level is at a high level compared with last year. In addition, the Spring Festival this year is earlier than last year, which shortens the trading time before the year, and there is still a risk of inventory accumulation later. The outdoor operation in the north is obviously reduced, and the demand is difficult to release. In addition, the enterprise has entered the closing stage at the end of the year and is short of funds. For winter storage, the current price has not reached the psychological level and the willingness to take goods is not strong.