Steel price on November 15, 2022

Construction steel: On November 15, the average price of 20mm Grade III anti-seismic deformed steel bars in 31 major cities nationwide was 3944 yuan/ton, up 2 yuan/ton from the previous trading day. Specifically, the price of domestic construction steel remained stable in the morning as a whole. From the aspect of transaction, the early transaction was average, and downstream procurement was on demand. In the afternoon, the market inquiry increased significantly, the transaction volume increased slightly, and the price rose as a whole. The transaction volume of the whole day increased slightly compared with the previous trading day. Under the influence of off-season factors and epidemic situation, downstream demand release has always been less than expected, and the space for price rebound is limited.

Hot rolled coils: On November 15, the average price of 4.75mm hot rolled coils in 24 major cities nationwide was 3878 yuan/ton, up 4 yuan/ton from the previous trading day. In the morning, the regional quotations rose slightly, but the demand was weak. Most of the transaction prices were at the same level as yesterday. The bargaining space was large, and the trading volume was weaker than yesterday. The late rise did not drive the spot price to rebound. On the whole, the recent trend of hot spot futures is fair, and spot prices have also warmed up to a certain extent.

Cold rolled coil: On November 15, the average price of 1.0mm cold coil in 24 major cities nationwide was 4422 yuan/ton, up 5 yuan/ton from the previous trading day. Today, the black futures market fluctuated. Currently, due to the weak downstream demand, the cold rolled spot transactions in most markets are not performing well. The merchants' quotations are mostly consolidation operations, and some markets still have bargaining space on the basis of quotations. In the current situation that the market sentiment is already empty, although the merchants actively reduce the inventory, there is still a gap between the shipment rate and the expectation. In terms of transaction, the shipment volume of the national cold rolled coil market increased by 6.67% compared with the previous trading day.

Medium and heavy plate: On November 15, the average price of 20mm plain plate in 24 major cities nationwide was 3970 yuan/ton, up 2 yuan/ton from the previous trading day. Today, the black futures market fluctuated. The quotation in the morning market was mainly stable, and the quotation in some regions was adjusted in a narrow range. The trading atmosphere in the market was fair, and the transaction was average. On the supply side, due to the high incidence of heavy pollution weather in autumn and winter and the steel plant's loss, the enthusiasm for production is weak, and the production rhythm of medium and heavy plates is slowing down. In terms of demand, the demand for steel in the manufacturing industry has slowed down for the node with the alternation of low and peak seasons, but there is a release of demand for project acceleration in some regions, but the release intensity is limited. In terms of circulation, due to the seasonal influence, the demand in the north has declined significantly. The steel mills have exchanged orders at low prices to ease the inventory pressure, and the delivery cycle has been significantly shortened. As a result, the advantages of Beicai have begun to emerge from the south.