Steel price on August 23, 2022

Construction steel: On August 23, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 4,240 yuan/ton, up 12 yuan/ton from the previous trading day. Specifically, in the early trading period, the price of domestic construction steel rose slightly in the morning. In terms of transactions, merchants in the early trading market generally reported that the transactions were good, and the market sentiment improved due to the disk drive. In the middle of the session, the snails weakened, the high spot prices in some markets were slightly loose, and the transactions at low prices were generally acceptable. In the short term, the weak supply and demand pattern may continue, and business sentiment is greatly affected by the instability of the disk, and the market is basically in the fast-selling mode.

Hot-rolled coil: On August 23, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 4,049 yuan/ton, up 26 yuan/ton from the previous trading day. Today's early trading opened sharply higher, and merchants' quotations generally rose. In the morning, merchants basically shipped better, and in the afternoon, the disk range fluctuated. Some buyers were afraid of heights, and the transaction situation fell. In general, the fundamentals of supply and demand have not changed much recently. With the gradual recovery of supply, the demand is still not good, and the short-term spot price is not enough to drive up. It is expected that the price of hot-rolled coil will continue to fluctuate in the near future.

Cold-rolled coil: On August 23, the average price of 1.0mm cold coil in 24 major cities across the country was 4,517 yuan/ton, up 14 yuan/ton from the previous trading day. Today, the black futures market is on the strong side as a whole, and the spot market lacks momentum to keep up. Merchants are mainly cautious and wait-and-see. In some markets, cold-rolled prices rose slightly, and today's transactions have improved. According to the feedback from the merchants, the current downstream terminals are relatively common in receiving orders, and mainly purchase on demand. At present, some merchants are under the influence of the dual pressure of inventory and funds, and they are more willing to return funds for shipments.

Medium and heavy plate: On August 23, the average price of 20mm common plate in 24 major cities across the country was 4,285 yuan/ton, an increase of 9 yuan/ton from the previous trading day. Recently, there are many resources in transit in the south, but the actual arrival is less, the market lacks specifications, the rate of inventory reduction is fast, and the subsequent arrivals can be predicted to decrease, and the price is relatively firm. At present, the variety advantage of the medium plate has weakened, and the output has also declined. Since the short-process medium plate has already stopped production due to long-term losses, the impact of the power cut on the medium plate variety is limited. Fortunately, after the off-season, it is expected that the delayed and unfinished projects in the early stage will start intensively, which will increase the demand for medium and heavy plates.