Steel market price on March 1

Rebar: On March 1, the average price of 20mm grade 3 rebar in 25 major cities across the country was 4678 yuan/ton, down 10 yuan/ton from the previous trading day. Yesterday, the black futures volatility weakened, and most of the market earners cashed in. In the morning, the price of construction steel in most areas of the country was stable and loose, and some large cities in the early period saw significant declines. In terms of transactions, due to the deserted market atmosphere, demand release is limited. At present, as the resumption of electric furnace production speeds up in the near future, the growth rate of rebar production is obvious. At the same time, due to the continuous recovery of demand, apparent consumption will also pick up. However, both steel mills and the market have cash demand, and the room for price hikes is limited. Near the two sessions, domestic construction steel prices are expected to fluctuate within a narrow range in the near future, focusing on the dynamics and fundamental changes of the two sessions.

Hot-rolled coil: On March 1, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 4,859 yuan/ton, down 8 yuan/ton from the previous trading day. Yesterday, the price of the black commodity futures market fluctuated and declined. The market price went up and down, and the overall transaction was average. In the afternoon, as futures fell, prices in some cities fell slightly. Due to the rapid increase in prices after the holiday, end-user purchases are more cautious, and purchases are basically on-demand. It is difficult for market transactions to increase significantly. However, as the downstream basically resumes work, market demand may increase in the later period, and with strong cost support, merchants are still optimistic about the market outlook, and there is limited room for continued price decline. It is expected that today's hot-rolled coil prices will remain high and fluctuate.

Cold rolled coil: On March 1, the average price of 1.0mm cold coil in 24 major cities across the country was 5645 yuan/ton, down 6 yuan/ton from the previous trading day. Yesterday, the cargo was weakly adjusted, the hot coil spot fell slightly, and the market sentiment was cautious. Recently, after the steel mills’ settlement policy was introduced, local markets have chosen to withdraw funds from shipments, resulting in a fall in prices. However, traders reported that the current market demand is acceptable, and the short-term callback will not last for a long time. The mentality is optimistic; for steel mills, the current raw materials Prices are high, production costs are high, and ex-factory prices are generally high. On the whole, today's domestic cold-rolled prices are operating steadily.

Plate: On March 1, the average price of 20mm plain plates in 24 major cities across the country was 4,865 yuan/ton, an increase of 7 yuan/ton from the previous trading day. Yesterday, the pallet surface fell, and the market transaction was slightly light, but the mid-board price was more resilient. In terms of steel mills, a single price negotiation of mainstream steel mills focused on stability yesterday, some raised slightly, the overall lock-up price was relatively high, and the willingness of speculative orders on the circulation side was low. In terms of demand, most mid-board downstream companies have gradually returned to normal procurement this week, and demand is expected to usher in an improvement. On the whole, it is expected that today's plate prices will be stable for the time being.