Steel market price on March 15

Construction steel: On March 15, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 4,889 yuan/ton, down 22 yuan/ton from the previous trading day. In the short term, the recent spread of the epidemic has had a greater impact on both supply and demand, and the market mentality is generally more cautious.

Hot-rolled coil: On March 15, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 5,091 yuan/ton, down 27 yuan/ton from the previous trading day. Downstream purchases wait and see, merchants are pessimistic, and the overall transaction situation is poor throughout the day. At present, overseas conflicts continue to escalate, and the market fluctuates violently. In addition to the repeated domestic epidemics, the overall mentality of merchants is relatively pessimistic, and there is great pressure on price increases in the market outlook.

Cold-rolled coil: On March 15, the average price of 1.0mm cold coil in 24 major cities across the country was 5,627 yuan/ton, down 26 yuan/ton from the previous trading day. According to the feedback from the southwest market, the prices of cold-rolled products in Chengdu and Chongqing are quite different from those in the outside world. The main reason is that market resources are relatively tight, some specifications are out of stock, and traders are more willing to support prices. In terms of inventory, it is reported that the cold-rolled coil resources in the Shanghai market can be put into storage normally. However, all mainstream warehouses require nucleic acid test reports within 48 hours to pick up the goods. Currently, Shanghai's inventory pressure is relatively high.

Medium and heavy plate: On March 15, the average price of 20mm common plate in 24 major cities across the country was 5,184 yuan/ton, down 31 yuan/ton from the previous trading day. With the continuous changes in public health events, the epidemic prevention and control in various regions has also been gradually upgraded, which has a greater impact on logistics and transportation, and the waiting time for goods dispatch, storage and terminal pickup has been prolonged. In terms of demand, considering the uncertainty of the epidemic situation in the later period, most downstream companies began to stock up in advance at low prices to prevent difficulties in picking up goods due to logistics factors in the later period, which is also one of the reasons for the high volume of transactions today. In terms of inventory, the inventory of the medium plate fell steadily and slightly, and this situation will continue to be maintained in the short term.