Steel market price on September 19, 2023

Building steel: On September 19th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3895 yuan/ton, an increase of 29 yuan/ton compared to the previous trading day. Specifically, in the early trading period, the price of domestic construction steel continued to rise overall, as the snail opened higher. From the perspective of transaction, the market trading atmosphere is good, with both rigid demand and speculative demand improving. In the afternoon, there was a slight decline in snail prices, and spot transactions weakened slightly, resulting in a slight drop in actual transaction prices. In the short term, terminal demand has performed well recently, and market transactions have rebounded.

Hot rolled plate and coil: On September 19th, the average price of 4.75mm hot rolled plate and coil in 24 major cities nationwide was 4003 yuan/ton, an increase of 25 yuan/ton compared to the previous trading day. Black commodity futures fluctuated at high levels, with spot prices rising in the morning and poor trading. In the afternoon, there was a correction in the market, and market transactions weakened. In some regions, spot prices began to loosen. Currently, merchants are in a strong fear of high prices, and with the approaching long holiday, the market tends to choose a wait-and-see attitude.

Cold rolled sheet and coil: On September 19th, the national average spot price of cold rolled sheet and coil was 4735 yuan/ton, an increase of 16 yuan/ton compared to the previous trading day. In terms of the market, black series futures continued to rise, driving positive sentiment in the market, and the trading atmosphere has rebounded, with spot prices mainly following the rise. In terms of transaction, there has been a recent rebound in prices, with some speculative demand showing up. However, terminal demand is still relatively weak, and currently merchants have limited available resources, which hinders shipments to some extent.

Medium thick plate: On September 19th, the average price of 20mm regular plate in 24 major cities across the country was 4054 yuan/ton, an increase of 9 yuan/ton compared to the previous trading day. The futures market was strong and volatile, boosting market sentiment, and overall trading was average. According to market feedback, the recent situation of coking coal safety inspections has continued to be severe, with the expansion of the scope of coke increase, strong cost support, and continued fundamental pressure. The overall demand performance has not been as expected, and the market has expectations for replenishing inventory before holidays. However, the implementation of actual demand still needs to be verified.