Steel price in the market on February 2, 2024

Screw thread steel: On February 2nd, the average price of 20mm three-level seismic resistant screw thread steel in 31 major cities across the country was 4032 yuan/ton, a decrease of 6 yuan/ton from the previous trading day. At present, there is no willingness for merchants to sell, and the main focus is on handling accounts.

Hot rolled coil: On February 2nd, the average price of 4.75mm hot rolled coil in 24 major cities nationwide was 4076 yuan/ton, a decrease of 10 yuan/ton from the previous trading day. As the Spring Festival approaches, spot trading in the market is stagnant and there is no demand. Most merchants have started their holidays. Trading with a small number of speculative demands. The inventory pressure of traders is generally not high, and their shipping mentality is relatively stable. The raw material side has shown a weak trend recently, but still remains at a medium high position, with slightly increased inventory performance.

Cold rolled coil: On February 2nd, the average price of 1.0mm cold coil in 24 major cities across the country was 4743 yuan/ton, unchanged from the previous trading day. Black futures continue to decline, and downstream terminals have gradually entered the holiday stage. The market trading atmosphere is cold, the speed of resource circulation is slow, and traders' quotes are still mostly stable. Recently, some traders have entered the Spring Festival holiday, and their inventory has entered a certain accumulation stage.

Medium thick plate: On February 2nd, the average price of 20mm regular plate in 24 major cities across the country was 4145 yuan/ton, a decrease of 4 yuan/ton from the previous trading day. The operating rate this week was 81.54%, a decrease of 1.54% compared to the previous week; The actual weekly production of the steel plant is 1.4978 million tons, a decrease of 5000 tons compared to the previous week; Some electric furnace factories are in a state of shutdown, and blast furnaces also need maintenance plans.