Steel market price on February 28, 2022

Construction steel: on February 28, the average price of 20mm grade III seismic deformed steel bars in 31 major cities in China was 4868 yuan / ton, down 1 yuan / ton from the previous trading day. In the short term, with the end of the Winter Olympics, the recovery rate of output in the later stage will be accelerated, and there is a certain room for rise. However, with the recent gradual improvement of the weather, the demand side will also pick up significantly. Supply and demand fundamentals are expected to improve.

Hot rolled coil: on February 28, the average price of 4.75mm hot rolled coil in 24 major cities in China was 5010 yuan / ton, up 41 yuan / ton compared with the previous trading day. Recently, the real estate policy has been generally relaxed and the purchase policy in many places has been loosened. After the Winter Olympics, the production restriction policy began to be marginal loose, and the mood of steel mills to resume production warmed up. It is about to enter the peak consumption season, and the market expectation is good.

Cold rolled coil: on February 28, the average price of 1.0mm cold coil in 24 major cities in China was 5545 yuan / ton, an increase of 5 yuan / ton compared with the previous trading day. According to the feedback of traders, today's cold rolling market is pessimistic in the early stage. Most regions operate weakly and stably, and a few regions drop shipments secretly. The cashing mood is getting stronger and the shipment is mainly maintained. The downstream industry is fully back to work and production, with more on-demand procurement and low willingness to prepare goods.

Medium and heavy plate: on February 28, the average price of 20mm ordinary plate in 24 major cities in China was 5160 yuan / ton, up 6 yuan / ton from the previous trading day. With the end of the Winter Olympic Games, the steel mills will resume production. If the production restriction in Handan is not tightened, it is expected that the weekly output of the steel mills will be maintained at about 1.3 million tons in the future. From the analysis of traders' inventory cost, the resources had no profit before the year, and the resources arrived after the year had lost money, so there was cost support in the short term.