Steel prices in the market on December 30, 2024

Threaded steel: On December 30th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3491 yuan/ton, an increase of 2 yuan/ton from the previous trading day. With the recent decline in terminal demand, market procurement enthusiasm has shown poor performance. Fortunately, the recent performance of snails has been decent, and the market mentality is stable.

Hot rolled coils: On December 30th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3500 yuan/ton, an increase of 4 yuan/ton from the previous trading day. On the one hand, as the end of the year approaches, some steel mills have reduced production and entered the maintenance stage due to environmental factors, resulting in a limited overall decline in iron production and maintaining a weak balance between supply and demand. On the other hand, the decrease in iron production has constrained the demand for raw materials and fuels, with limited cost support. At present, the price is higher than the expected winter storage price in the market, and the overall market sentiment is pessimistic, making it difficult for speculation to improve.

Cold rolled coils: On December 30th, the average price of 1.0mm cold coils in 24 major cities across the country was 4233 yuan/ton, unchanged from the previous trading day. On the 30th, the price of black futures fluctuated upwards, and most cold-rolled coil markets lacked the momentum to follow suit. The spot market quotes were mainly stable, but the good performance of futures to some extent enhanced market purchasing enthusiasm, and intraday transactions slightly improved. According to feedback from traders in the Southwest market, sales pressure has increased recently, and the delivery speed of steel mills has improved compared to the previous period. With increasing supply pressure, market traders' price increase sentiment is not obvious, and some specifications can still be negotiated.

Medium thick plate: On December 30th, the average price of 20mm ordinary plate in 24 major cities across the country was 3580 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. Recently, there has not been much replenishment of new resources in the market, and most regions have maintained a decline in spot inventory. Some markets have experienced a shortage of specifications, but as inventory gradually decreases, some merchants choose to replenish in small quantities.