Steel market price on February 6, 2023

Construction steel: On February 6, the average price of 20mm Grade III seismic deformed steel bars in 31 major cities nationwide was 4275 yuan/ton, down 14 yuan/ton from the previous trading day. Specifically, in the morning, the price of domestic construction steel spot prices weakened and some remained stable. From the perspective of the transaction situation, the snail rose in the afternoon, the market mentality improved, the low level transaction improved, and the trading atmosphere was general. In the short term, short-process steel plants will resume production in a centralized manner this week. At that time, only a few steel plants are still in the state of production suspension, and their output will basically return to the level before the festival; Recently, there has been widespread rainfall in the south, and it will take time for downstream demand to recover.

Hot rolled plate and coil: On February 6, the average price of 4.75mm hot rolled plate and coil in 24 major cities nationwide was 4211 yuan/ton, up 2 yuan/ton from the previous trading day. Black commodity futures are weak first and then strong. The main spot market quotation is stable. The market transaction is slightly improved compared with last Friday, but the increment is limited. The market has a strong wait-and-see mentality. At present, the spot inventory is still in the stage of inventory accumulation after the holiday, and the market still has expectations for demand, so we need to pay attention to the pace of terminal procurement and finished product inventory accumulation.

Cold rolled coil: On February 6, the average price of 1.0mm cold coil in 24 major cities across the country was 4659 yuan/ton, down 1 yuan/ton from the previous trading day. With the small rise of futures in the afternoon, the actual transaction price of the market had a large margin of preference. After the trend of futures improved, the preferential strength of traders decreased. In terms of demand, except for the northern market, traders in other markets and downstream markets have resumed work, but the current demand performance is average, and the recovery and release of demand will take some time. In terms of inventory, the market stagnated during the Spring Festival, and the resources in transit gradually entered the warehouse. At present, the inventory is in a cumulative state. In terms of mentality, the demand has not been released yet, and traders are cautious.

Medium and thick plate: On February 6, the average price of 20 mm ordinary plate in 24 major cities across the country was 4323 yuan/ton, which was the same as the previous trading day. The futures market rose after the plunge, and the trading atmosphere in the spot market improved. From the perspective of market environment, although the price has been supported by favorable factors since the Spring Festival, the downstream procurement has not been well released and the price is under pressure. At present, workers are returning to work after the Lantern Festival, logistics and transportation are returning to normal, and resources warehousing is basically completed, and market activity may increase.