Steel market price on November 28, 2020

Construction steel: On November 28, the average price of 20mm Grade III anti-seismic deformed steel bars in 31 major cities nationwide was 3946 yuan/ton, up 5 yuan/ton from the previous trading day. Specifically, boosted by the good news of Friday's RRR reduction, the early trading rally continued on Friday night, and the market mentality improved. The market just needed a deal, but the speculative demand was average, and the deal performance was poor all day. In the short term, the recent positive policies have been frequent, which has boosted the market confidence to a certain extent, thus driving the spot price up. Judging from the recent shipment, the demand is not warm and flexible in the low consumption season. The support for sentiment driven price rebound is relatively limited. In the near future, there will be a significant nationwide cooling. The demand in the northern region will decline sharply, and the price rise is unlikely to continue.

Hot rolled coils: On November 28, the average price of 4.75mm hot rolled coils in 24 major cities nationwide was 3916 yuan/ton, up 14 yuan/ton from the previous trading day. The supply and demand of the market has not improved, speculation is also weak, and transactions depend on just need to maintain a low level. With the gradual emergence of seasonal off-season characteristics, the inflection point of demand may soon emerge, and traders' willingness to take the initiative in winter storage is very low. The average billet loss of Tangshan mainstream steel plant is more than 100 yuan, and the loss may increase with the first round increase of coke enterprises. However, the negative profit of the current round of steel mills has not significantly forced the steel mills to reduce production. In the late autumn and winter, the supply pressure was relieved as a whole under the background of production restriction and crude steel reduction.

Cold rolled coil: On November 28, the average price of 1.0mm cold coil in 24 major cities nationwide was 4424 yuan/ton, up 6 yuan/ton from the previous trading day. The spot market price is stable and strong. Although the transaction has picked up slightly, it is still at a general level as a whole. It is understood that the settlement prices of the major steel mills have been issued at present, and the North China merchants feedback that the settlement has been lowered compared with the previous period, indicating that the settlement is slightly profitable but the shipment is average. In terms of mentality, the current market demand is limited, and most businesses still rely mainly on the return of funds for shipment. In the case of rising futures, more are stable quotations.

Medium and heavy plate: On November 28, the average price of 20mm plain plate in 24 major cities nationwide was 3968 yuan/ton, up 6 yuan/ton from the previous trading day. When the market opened on Monday, the traders were in a general mood. The spot quotation of China Plate was stable, and the market transaction performance was tepid throughout the day. Although the futures market has been boosted, the release of downstream procurement demand is not obvious; And as the weather turns cold, the demand in the north gradually turns to seasonal slack season. The supply and demand in East China and South China are relatively stable, and the prices are mostly weak and stable.