Steel price in the market on December 26, 2023

Screw thread steel: On December 25th, the average price of 20mm three-level seismic resistant screw thread steel in 31 major cities across the country was 4064 yuan/ton, a decrease of 7 yuan/ton from the previous trading day. In the short term, as winter repairs approach and steel mill profits narrow, there is a possibility of a seasonal decline in rebar production; At present, the overall market has entered the off-season of consumption, and demand in the north has basically stagnated. However, there are still situations in the south and east of China where the project schedule is being completed and there is some differentiation in demand. Overall, the recent market fundamentals have entered a low consumption season, and there is insufficient momentum for the upward trend of spot prices.

Hot rolled coil: On December 25th, the average price of 4.75mm hot rolled coil in 24 major cities nationwide was 4107 yuan/ton, an increase of 3 yuan/ton from the previous trading day. From a demand perspective, the temperature in most parts of China has remained low this week, and the demand for hot coil terminal manufacturing and exports remains resilient, supporting the demand for hot coils. In terms of supply, many northern regions have initiated emergency responses for heavy pollution, coupled with the recent significant expansion of steel billet losses in steel mills, resulting in a clear downward trend in supply.

Cold rolled coils: On December 25th, the average price of 1.0mm cold coils in 24 major cities across the country was 4771 yuan/ton, a decrease of 1 yuan/ton from the previous transaction. According to feedback from some traders in the southwest region, the recent acceleration of cold rolling resources in storage has increased the pressure on shipments, and some market merchants have experienced a hidden decline in shipments. In terms of transactions, due to weak enthusiasm for terminal procurement, market merchants provided terminal users with bargaining space of 10-20 yuan/ton, but overall transactions did not show significant improvement on the 25th.

Medium thick plate: On December 25th, the average price of 20mm regular plate in 24 major cities across the country was 4112 yuan/ton, an increase of 6 yuan/ton compared to the previous trading day. According to feedback from traders, the inventory of the East China Medium Plate is currently low, with average transactions throughout the day. Mainstream steel mill maintenance is about to end, and the fundamentals are showing a weak supply-demand situation; The demand in the South China market is lower than expected, and the market trading atmosphere is average; On the 25th, the trading volume on the North China Mid Market was lower than last Friday, and most of the quotes on the North China Mid Market remained stable and wait-and-see. At the steel plant level, the operating rate of the steel plant was 80.00% last week, a decrease of 1.54% compared to the previous week; The actual weekly production of the steel plant was 1.4049 million tons, a decrease of 95500 tons compared to the previous week; Pinggang will resume production tonight and is expected to ship at a small discount next month.