Steel price on July 25, 2023

Building steel: On July 25th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3882 yuan/ton, an increase of 24 yuan/ton compared to the previous trading day. Specifically, during the entire day, the price of domestic construction steel continued yesterday's upward trend due to the fluctuation of snail prices. From the perspective of transaction, although currently in the off-season of demand, the futures market performance is strong. Under the continuous rise of some steel mills, the transaction price at the bottom of the market continues to rise, and speculative demand is gradually active. In the short term, there have been frequent macroeconomic favorable policies in China recently, and market sentiment has improved; At the same time, the news that the national coarse steel level control policy is about to be implemented has once again spread, which has also formed some support for the market mentality.

Hot rolled plate and coil: On July 25th, the average price of 4.75mm hot rolled plate and coil in 24 major cities nationwide was 4015 yuan/ton, an increase of 55 yuan/ton compared to the previous trading day. Today, black commodity futures rose strongly, and the Spot market followed the trend. After the rise, the deal was better. In the afternoon, as the market continued to rise, some Spot market also continued to adjust upward, but the deal was not so good after the rise. On the whole, there are many policy incentives in the near future, and the market continues to rise. The demand in the Spot market has gradually recovered, but the terminal demand is still weak. Most of them are speculative demand, and businesses are not willing to stock up.

Cold rolled sheet and coil: On July 25th, the spot price of cold rolled sheet and coil nationwide fluctuated, with an average price of 4613 yuan/ton nationwide, an increase of 37 yuan/ton compared to the previous trading day. Today, the black futures market fluctuated and rose, with two consecutive days of bullish trading, boosting some confidence in the market and activating the trading atmosphere. The trading performance today was decent. According to feedback from merchants, the overall inventory pressure in the current market is not high, and steel mills mainly accept orders based on varieties, with less volume of general materials. In addition, steel mills have higher settlement prices, which has increased the bullish willingness of market merchants.

Medium thick plate: On July 25th, the average price of 20mm regular plate in 24 major cities across the country was 4143 yuan/ton, an increase of 16 yuan/ton compared to the previous trading day. Today, the futures market rose significantly, boosting market sentiment and overall trading was average. The center of gravity of the cost side furnace material price has shifted upwards, and there is still expected to be room for improvement; Both supply and demand sides of the fundamentals have shown positive results. Tangshan Environmental Protection has tightened production restrictions, with a slight decrease in iron ore. The downstream demand side is mostly supported by policies, and the macro level high-level meeting has set the tone. The long-term positive fundamentals have not changed.