Steel price on June 20, 2023

Building steel: On June 19th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3894 yuan/ton, an increase of 10 yuan/ton compared to the previous trading day. Specifically, in the early trading period, the snail prices fluctuated at a high level, and the domestic construction steel prices slightly strengthened. From the perspective of transaction performance, the early market transaction performance was average. In the afternoon, as the high level of futures prices fell, some cities saw the emergence of low-priced resources, and the market feedback showed that the overall transaction was weaker than the previous trading day. In the short term, although some steel mills have recently reduced production, the overall level remains relatively high; At the same time, the eastern and southern regions of China have recently experienced plum blossom weather, and seasonal factors have somewhat suppressed market demand. The short-term supply-demand contradiction still exists.

Hot rolled plate and coil: On June 19th, the average price of 4.75mm hot rolled plate and coil in 24 major cities nationwide was 3929 yuan/ton, a decrease of 5 yuan/ton compared to the previous trading day. The driving force for the rise of futures market has weakened, and the recovery of steel mill profits has also stimulated production enthusiasm, while the actual demand performance is weak. The heavy rainfall areas are mainly concentrated in Guizhou, Guangxi, and most of the Jiangnan region. North China, Huanghuai, and other regions will also experience a more obvious rainfall weather process. High temperature warning signals have been lifted in Hebei, Tianjin, Inner Mongolia, and other regions, while high temperature patterns continue in Xinjiang, Gansu, and other regions, all of which will have a certain impact on steel demand.

Cold rolled sheet coil: On June 19th, the average price of 1.0mm cold coil in 24 major cities across the country was 4504 yuan/ton, an increase of 6 yuan/ton compared to the previous trading day. Black commodity futures fluctuated weakly, and market sentiment was relatively cautious. Some markets quietly lowered shipments in the afternoon, with merchants mainly withdrawing funds. In addition, it has been learned from some merchants who directly supply terminals that the current payment collection speed is very slow, and the enthusiasm of terminals to collect goods is not high.

Medium thick plate: On June 19th, the average price of 20mm regular plate in 24 major cities across the country was 4151 yuan/ton, an increase of 3 yuan/ton compared to the previous trading day. The black series futures weakened in a narrow range, resulting in a light trading atmosphere in the market. Overall trading performance was poor, and spot prices fluctuated in a narrow range. At the resource level, although there is still pressure on resources from Beicai to the south, the overall supply of steel mills has been steadily released, and it is in the off-season of the market. There may be a slight increase in inventory.