Steel market price on Feb. 14, 2023

Construction steel: On February 13, the average price of 20mm Grade III seismic deformed steel bars in 31 major cities nationwide was 4239 yuan/ton, down 21 yuan/ton from the previous trading day. In the short term, the current market supply recovery is slightly better than the demand recovery, and the inventory has further accumulated pressure.

Hot rolled plate and coil: On February 13, the average price of 4.75mm hot rolled plate and coil in 24 major cities nationwide was 4214 yuan/ton, down 16 yuan/ton from the previous trading day. Affected by the separation of strong expectations and weak reality, prices and market sentiment have switched back and forth in the near future. In the future, it is still necessary to pay attention to the resumption of production at the terminal and wait for time verification.

Cold rolled coil: On February 13, the average price of 1.0mm cold coil in 24 major cities across the country was 4642 yuan/ton, down 7 yuan/ton from the previous trading day. At present, the resources of all markets have arrived normally, but the merchants have reported that by the middle of the year, the market demand has not improved significantly, and the combination of the volatility of the hot volume futures market has also reduced the willingness of downstream procurement to a certain extent. The shipment status has not met expectations, and the inventory pressure has gradually emerged. At present, the business operation is still dominated by the return of funds from the shipment, and it is cautious to wait and see the market.

Medium and thick plate: On February 13, the average price of 20 mm ordinary plate in 24 major cities across the country was 4325 yuan/ton, down 5 yuan/ton from the previous trading day. At present, the traders' inventory still has the resources of replenishment before the year. The superimposed downstream project consumption is still in the recovery stage. The overall consumption rate of resources is poor, and the resources are in a small accumulation situation. In addition, some subsequent steel enterprises and billet adjustment plants also have plans to resume production, and supply pressure remains. However, the cost of finished products is still at a high level, and the supply resources are abundant. The demand fulfillment performance will have a great impact on the market price fluctuation. At present, the upstream and downstream mentality is more cautious and wait-and-see.