Steel market prices on June 13, 2023

Construction steel: On June 13, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 4,762 yuan/ton, down 59 yuan/ton from the previous trading day. In the short term, the current market demand recovery is still not optimistic, while the weekly production of rebar is high month-on-month, and the current inventory is higher than the same period in previous years, so the pressure on inventory destocking increases in the seasonal off-season.

Hot-rolled coil: On June 13, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 4,860 yuan/ton, down 37 yuan/ton from the previous trading day. At present, some steel mills in the market have begun to reduce their production, but the social pool is still high, the transaction is still in a poor stage, and there is a lot of pressure on price increases. The terminal demand continued to weaken, and the market panic was strong. Although the impact of transportation due to the epidemic has weakened, the specific recovery will take nearly two weeks to confirm. Therefore, although some businesses are optimistic about the market outlook, it is still difficult for prices to rise. On the whole, the current output has decreased, but the terminal demand is still sluggish, the social inventory is high, the cost of traders' hoarding is high, and the willingness to reduce the price to ship is not strong. Therefore, the price of hot-rolled coil may continue to fluctuate within a narrow range in the near future. host.

Cold-rolled coil: On June 13, the average price of 1.0mm cold coil in 24 major cities across the country was 5,410 yuan/ton, down 17 yuan/ton from the previous trading day. It is understood that the steel mills in the Lecong market currently have plans to reduce production, and the market resources will be reduced in the later stage, while the inventory pressure in the southwest market still exists, and the terminal demand performance is average. Due to the fact that downstream users tend to "buy up and not buy down" mentality, the market transactions are average, and today's national cold-rolled coil shipments decreased by 9.26%.

Medium and heavy plate: On June 13, the average price of 20mm common plate in 24 major cities across the country was 5,091 yuan/ton, down 24 yuan/ton from the previous trading day. Affected by factors such as falling prices and pessimistic expectations in the off-season, the market demand is hovering at a low level, the overall transaction is deviated, and there are many terminal wait-and-see more obvious.