Steel market prices on July 25, 2022

Construction steel: On July 25, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 4,075 yuan/ton, up 31 yuan/ton from the previous trading day. In the short term, recent macro news continues to boost market confidence, while supply remains low, but the recent occurrence of hot weather in many parts of the country may curb the recovery of demand to a certain extent. In addition, the Fed’s interest rate hike expectations continue to rise this week, which may have a negative impact on commodities. Must be under pressure.

Hot-rolled coil: On July 25, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 3,893 yuan/ton, up 32 yuan/ton from the previous trading day. The macro sentiment has stabilized recently, and the State Council executive meeting has deployed policy measures to continuously expand effective demand. However, it is still difficult to give a strong drive on the demand side in the off-season, and the spread of epidemics in many places also partially limits market demand. Due to the sharp drop in raw material prices, the increase in profits of independent electric arc furnace steel mills is more concerned about the impact on the supply side, and the scope of production reduction and maintenance of steel mills is still expanding. In the short term, steel is in a weak balance dominated by supply adjustment, and it is difficult for the demand to change substantially, and the output suppression is difficult to improve in the short term.

Cold-rolled coil: On July 25, the average price of 1.0mm cold coil in 24 major cities across the country was 4,407 yuan/ton, up 19 yuan/ton from the previous trading day. Today, the hot coil futures fluctuated strongly and the spot price rose slightly, but the market trading atmosphere was still relatively deserted. At the July settlement price of today's Hanxing Strip Steel Conference, SPHC settled at 3,990 yuan/ton, and the August guide price was raised by 110 yuan/ton. As the date of a new round of orders is approaching, traders are under great financial pressure, and the market is mostly focused on returning funds from shipments.

Medium and heavy plate: On July 25, the average price of 20mm common plate in 24 major cities across the country was 4,221 yuan/ton, an increase of 11 yuan/ton from the previous trading day. In terms of supply, due to the obvious narrowing of the loss of long products by steel mills, the supply of plates is expected to decrease to a certain extent in the later period, and steel mills no longer need to ensure the production of medium plates. In terms of demand, judging from the overall market transaction situation last week, it was slightly better than the previous period. For terminal enterprises, the current raw material price has reached a relatively suitable range, and the willingness to receive orders for finished products has improved significantly.