Steel price in the market on April 15, 2024

Screw thread steel: On April 15th, the average price of 20mm three-level seismic resistant screw thread steel in 31 major cities across the country was 3715 yuan/ton, an increase of 7 yuan/ton from the previous trading day. In the short term, the current market mentality is still acceptable, accompanied by the first round of coke price increase and increased cost support.

Hot rolled coil: On April 15th, the average price of 4.75mm hot rolled coil in 24 major cities across the country was 3791 yuan/ton, unchanged from the previous trading day. The consumption of finished products at the terminal has improved, and coupled with the expected cost support from raw material demand, the hot coil market continues to show an upward trend. In terms of supply, with the implementation of the eighth round of price reduction for coke, coke continues to yield profits. At the same time, as steel mills improve profits and point-to-point profits emerge, the speed of blast furnace resumption is also accelerating. Short term marginal improvement in supply and demand may be driven by destocking.

Cold rolled coil: On April 15th, the average price of 1.0mm cold coil in 24 major cities across the country was 4384 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. According to feedback from some traders in East China, many downstream enterprises have weekends off, and the market activity is not high on weekends, resulting in less than ideal market transactions. On the 15th, driven by futures trading, terminals released procurement demand, and traders actively promoted transactions, resulting in overall market transactions.

Medium thick plate: On April 15th, the average price of 20mm regular plate in 24 major cities across the country was 3878 yuan/ton, an increase of 6 yuan/ton compared to the previous trading day. On the 15th, some cities saw a slight increase in spot prices on the medium board, with consecutive days of red futures trading. A small number of downstream enterprises started purchasing, and low alloy transactions were better than last week. Trading on the general board was still acceptable, and the level of market speculation activity improved. In the afternoon, some cities in East China raised prices while transactions were still possible. However, the market mentality remains cautious, and traders are slowing down their replenishment actions.