Steel market price on March 3

Rebar: On March 3, the average price of 20mm grade 3 rebar in major cities across the country was 4,774 yuan/ton, an increase of 98 yuan/ton from the previous trading day. Affected by the sharp rise of black futures, the price of construction steel in most areas of the country rose significantly when the market opened yesterday, and prices in some cities have slightly loosened in the afternoon. In the short term, with the increase in futures and the high ex-factory prices of steel mills, market demand is gradually recovering. It is expected that today's domestic construction steel prices may fluctuate strongly.

Hot-rolled coils: On March 3, the average price of 4.75 hot-rolled coils in major cities across the country was 4,974 yuan/ton, an increase of 118 yuan/ton from the previous trading day. Yesterday, the hot coil market price rose sharply, but after the rise, the market's high transaction was weak, and terminal purchases were feared, and acceptance was limited. The spot transaction in the afternoon market was not smooth and the market fell slightly, which led to a slight correction of the spot price, but the transaction was still basic For speculative demand, the actual terminal demand is not too much. At present, the price reaches this location and the resources in the hands of the merchants are basically profitable, and the sentiment of high-level shipments has increased. Part of the increase in this round is due to the suspension of environmental protection in North China. The market is bullish and the sentiment is strong. On the other hand, the strength of the bulls in the disk is strong and leads the rise, and the spot passively follows. However, from the situation yesterday, the spot rise is slightly weak. In the absence of transaction support, confidence is insufficient. On the whole, short-term prices have risen, and it is recommended that shipments be cashed out, and short selling is still not recommended, but we need to be wary of the decline caused by poor digestion after the arrival of the peak of the accumulated library in the later period.

Cold-rolled coil: On March 3, the average price of 1.0mm cold-rolled coil in major cities across the country was 5710 yuan/ton, an increase of 63 yuan/ton from the previous trading day. Yesterday, the goods rose sharply, and the hot coil spot rose sharply. The market sentiment was optimistic. Some terminals have also been purchased in advance, which shows that the current prices tend to rise but never fall. Coupled with the convening of the two sessions, there will be certain benefits to the market. It is expected that today's domestic cold-rolled prices will be on the strong side.

Plate: On March 3, the average price of 20mm ordinary plates in major cities across the country was 4,956 yuan/ton, a sharp increase of 96 yuan/ton from the previous trading day. Due to the rapid price increase, the downstream procurement efforts were weak throughout the day, and the market transactions performed generally throughout the day. In terms of resources, although prices have fluctuated up recently, the actual demand release is not as good as expected. At present, most markets have relatively abundant stocks. On the whole, considering that the current ex-factory cost is still high, it is expected that today's plate prices will remain high and consolidate.