Steel price in the market on April 1, 2024

Screw thread steel: On April 1st, the average price of 20mm three-level seismic resistant screw thread steel in 31 major cities nationwide was 3591 yuan/ton, a decrease of 23 yuan/ton from the previous trading day. In the short term, stimulated by positive news, pessimism has shown signs of recovery; At the same time, as the Qingming holiday approaches, the pre holiday stocking sentiment has increased, and the trading atmosphere has improved.

Hot rolled coil: On April 1st, the average price of 4.75mm hot rolled coil in 24 major cities nationwide was 3728 yuan/ton, a decrease of 15 yuan/ton from the previous trading day. Hot rolled futures initially suppressed and then rose in the morning, but rose in the afternoon. From a demand perspective, as enterprises accelerate their resumption of work and production after the Spring Festival, market activity has increased, and subsequent manufacturing demand still requires time.

Cold rolled coil: On April 1st, the average price of 1.0mm cold coil in 24 major cities across the country was 4393 yuan/ton, a decrease of 29 yuan/ton from the previous trading day. According to feedback from some traders in East China, futures were weak in the morning and there were fewer inquiries and prices. In the afternoon, the trend of futures improved. In order to actively promote transactions and temporarily stabilize market prices, traders saw overall market transactions in the day. In terms of demand, downstream terminal procurement is still mainly wait-and-see, coupled with the uncertain trend of futures, the release of procurement demand from downstream is inconsistent, and the overall performance of demand is still weak.

Medium thick plate: On April 1st, the average price of 20mm regular plate in 24 major cities across the country was 3858 yuan/ton, a decrease of 36 yuan/ton from the previous trading day. Black futures were initially weak and then strong, and traders continued to run at low prices in the morning. The market's bearish sentiment was strong, and prices were lowered. In the afternoon, the market rose and traders mainly focused on shipping, with prices remaining stable. Overall, low-priced transactions were acceptable, with a rapid increase in trading volume on the general board after the market rose, but low alloy transactions were relatively weak. In terms of demand, the prices of raw materials do not provide sufficient support for spot prices, and downstream customers are more cautious in purchasing sentiment, limiting the purchase of low alloy products.