Steel market prices on April 11, 2022

Construction steel: On April 11, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 5,074 yuan/ton, down 55 yuan/ton from the previous trading day. In the short term, the current market is still in a state of weak supply and demand, and the spread of the epidemic inhibits the release of downstream demand.

Hot-rolled coil: On April 11, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 5,245 yuan/ton, down 70 yuan/ton from the previous trading day. Today, Tangshan City lifted the temporary closure and control management in the city, and gradually restored normal production and life order in an orderly manner. Last week, the total output of steel has increased by 249,700 tons to 9,875,500 tons, a new seven-month high. At present, the inflection point of the epidemic in East China has not yet appeared. The epidemic prevention situation is severe, production and construction are limited, and the steady growth of the national regular meeting is placed in a more prominent position. The steel market is still in a game of strong expectations and weak reality.

Cold-rolled coil: On April 11, the average price of 1.0mm cold coil in 24 major cities across the country was 5,725 yuan/ton, down 20 yuan/ton from the previous trading day. According to the feedback from traders, today's market trading is relatively deserted, and most downstream terminals purchase on demand; under the epidemic control, logistics is blocked, resources from various regions are difficult to flow to surrounding areas, and local sales are the main focus; in terms of mentality, traders The market forecast is generally cautious, mostly based on the return of funds from shipments. The domestic epidemic is more serious, which has a great impact on the delivery of goods. The merchants are not optimistic.

Medium and heavy plate: On April 11, the average price of 20mm common plate in 24 major cities across the country was 5,312 yuan/ton, down 37 yuan/ton from the previous trading day. Recently, with the relaxation of epidemic control in the north, the production of medium plates has rebounded. After the resumption of production in the steel mills, the pressure of orders and the pressure of outbound transportation from the factory warehouses. The superimposed demand is poor, so they can only accept orders at lower prices, resulting in a sharp drop in prices in North China . On the demand side, the tight transportation capacity and high-speed control in East China have led to the continued sluggish trading volume of traders. The return of funds is slow, and the high price is difficult to support.