Steel price in the market on December 4, 2023

Screw thread steel: On December 4th, the average price of 20mm three-level seismic resistant screw thread steel in 31 major cities across the country was 4055 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. Recently, with the recovery of profits in steel mills, production enthusiasm has increased; At the same time, the demand in the northern region has weakened, and the pressure on the threaded fundamentals has gradually increased, exacerbating the supply-demand contradiction.

Hot rolled coil: On December 4th, the average price of 4.75mm hot rolled coil in 24 major cities across the country was 4023 yuan/ton, a decrease of 9 yuan/ton from the previous trading day. Recently, there have been no new favorable policies on the policy side, and macro drivers have gradually cooled down. Coupled with weak raw material prices, the focus of finished product futures prices has fluctuated and decreased. In terms of raw materials, the supervision of the iron ore market is becoming stricter, and the acceptance of the high priced dual coke market is decreasing. In addition, steel prices are experiencing seasonal off-season declines, resulting in lower than expected transactions. Steel mills have average profits, and there may be some room for a game of three rounds of coke price hikes, but overall finished product transactions are limited.

Cold rolled coils: On December 4th, the average price of 1.0mm cold coils in 24 major cities across the country was 4738 yuan/ton, a decrease of 2 yuan/ton from the previous transaction. According to feedback from some traders in East China, the current terminal demand is average, and coupled with more weekends off in the upstream and downstream, the frequency of terminal purchases has decreased. The main focus of the 4-day operation is to stabilize prices for shipments, but there is a purchasing intention of "buying up instead of buying down" in the terminals, resulting in overall lukewarm transactions within the day. In terms of mentality, the impact of macro drivers is gradually weakening, coupled with off-season market demand, traders are mainly cautious in observing the future market.

Medium thick plate: On December 4th, the average price of 20mm regular plate in 24 major cities across the country was 4043 yuan/ton, unchanged from the previous trading day. In recent days, some medium plate factories have undergone maintenance, and mainstream steel mills in East China, Southwest China, and other regions have discounted shipments. The market shipment volume in December has decreased, which may continue to support spot prices. In terms of transactions, traders have provided feedback that demand in various regions was weak on the 4th, and downstream markets continued to observe the weak market trend without releasing demand.