Steel market prices on August 16, 2022

Construction steel: On August 15, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 4,310 yuan/ton, up 24 yuan/ton from the previous trading day. In the short term, due to the impact of restricted production and rising raw materials, steel mills have limited potential for short-term production increases; at present, the market demand side has been performing generally, prices continue to rise, and there is no continuous motivation, and merchants have always maintained a relatively cautious attitude.

Hot-rolled coil: On August 15, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 4,123 yuan/ton, an increase of 8 yuan/ton from the previous trading day. The sustainability of the marginal improvement of terminal demand is limited, and the differences in newly started projects and funding conditions are also obvious in different regions. The superimposed high temperature continued to limit the rush to work, and the overall transaction was lower than the previous trading day. According to Mysteel research, the average cost of 40 independent electric arc furnace construction steel plants is 4,206 yuan/ton, an increase of 62 yuan/ton from the previous month, and the average profit is 32 yuan/ton. Ton. The second round of coke price hikes has begun. If implemented on schedule, long-process mills' profits will be further eroded as coke costs remain high. In addition, after Jiangsu, Anhui and other Sichuan provinces introduced the "power-on" policy, the production of electric furnaces will also be greatly affected.

Cold-rolled coil: On August 15, the average price of 1.0mm cold-rolled coil in 24 major cities across the country was 4,594 yuan/ton, up 4 yuan/ton from the previous trading day. Due to the decline in futures, spot transactions were difficult on the 15th, and some high-priced resources in some markets were low. It is understood that at present, the southwest region is greatly affected by the high temperature. Warehouse pick-up time is mostly concentrated at night, end-users' working time is shortened, steel consumption slows down, and order volume is on a downward trend.

Medium and heavy plate: On August 15, the average price of 20mm ordinary plate in 24 major cities across the country was 4,326 yuan/ton, an increase of 10 yuan/ton from the previous trading day. On the 15th, the market continued to fluctuate and fell, and the market transaction was not good. In the afternoon, prices in various places fell, and the increase was limited throughout the day. In the market, the high temperature and rainy environment continues, the terminal demand is difficult to increase, the unsaturated orders of steel mills are gradually normalized, and the market continues to wait and see; on the whole, it is expected that the domestic medium and heavy plate will continue to fluctuate in the short term, with limited fluctuations.