Steel price in the market on April 26, 2024

Screw thread steel: On April 26th, the average price of 20mm three-level seismic resistant screw thread steel in 31 major cities across the country was 3813 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. In the short term, there has been a strong sentiment for steel mills to resume production recently, and production has rebounded. However, overall demand has remained stable recently, and inventory is still in the stage of destocking. At present, the overall price of raw materials is strong, and there is still some support for spot goods on the cost side.

Hot rolled coil: On April 26th, the average price of 4.75mm hot rolled coil in 24 major cities across the country was 3835 yuan/ton, a decrease of 8 yuan/ton from the previous trading day. Approaching the May Day holiday, the willingness to replenish inventory at the terminal this week is still acceptable, but the purchase of goods is still cautious, mainly focusing on low price transactions, with weak trading after the rise.

Cold rolled coil: On April 26th, the average price of 1.0mm cold coil in 24 major cities across the country was 4388 yuan/ton, a decrease of 6 yuan/ton from the previous trading day. According to feedback from some traders in East China, due to significant financial pressure recently, there have been many operations of secretly reducing payments. However, downstream terminals still mainly rely on on-demand procurement, and pre holiday replenishment procurement is not yet obvious. The overall transaction performance of the market is average.

Medium thick plate: On April 26th, the average price of 20mm regular plate in 24 major cities across the country was 3910 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. As the weekend approaches, transactions are gradually lackluster, and the overall market procurement performance is poor. The speed of market resource destocking is average.