Steel market prices on April 25, 2022

Construction steel: On April 25, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 5,060 yuan/ton, down 40 yuan/ton from the previous trading day. Specifically, in the early trading period, the price of domestic construction steel continued to weaken in the morning. From the perspective of transaction, the snails continued to be hit hard in the late afternoon, the mentality of the merchants was sluggish, the market trading atmosphere was deserted, and the downstream and speculative demand was poor. In the short term, funds have been tightened recently, and the continuous decline of snails during the same period has caused some panic in the market, and spot merchants have a strong selling sentiment.

Hot-rolled coil: On April 25, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 5,157 yuan/ton, down 50 yuan/ton from the previous trading day. Today, the black commodity futures market fell sharply, the spot market continued to fall, the mentality of the spot market was weak, and the overall transaction was poor. At present, the epidemic has a certain impact on the overall market transportation. In the case of a recovery in production, the inventory may be further accumulated, and the driving force of price decline is strong. It is expected that the market price of hot coils may fluctuate and weaken in the near future.

Cold-rolled coil: On April 25, the average price of 1.0mm cold coil in 24 major cities across the country was 5,680 yuan/ton, down 25 yuan/ton from the previous trading day. The black futures market dived sharply, and the spot price continued to decline. The order date of steel mills is approaching, and the financial pressure is great.

Medium and heavy plate: On April 25, the average price of 20mm common plate in 24 major cities across the country was 5,288 yuan/ton, down 23 yuan/ton from the previous trading day. The futures market fell sharply, the mentality of the spot market further deteriorated, and the quotations were lowered one after another. From a fundamental point of view, the production of medium plates has recently rebounded after the resumption of production in the rolling line, and the factory warehouse has also increased. However, due to transportation problems, the transfer process of the factory warehouse to the social warehouse has been hindered, so the social inventory of medium plate has not increased significantly. In terms of demand, the epidemic area has increased recently, and downstream production has been affected, including tight freight and insufficient capacity, resulting in poor overall market transactions.