Steel spot market on February 21, 2022

Construction steel: on February 21, the average price of 20mm grade III seismic deformed steel bars in 31 major cities in China was 4929 yuan / ton, an increase of 7 yuan / ton compared with the previous trading day. Specifically, the high level of snail in early trading fluctuated, and the price of domestic construction steel became stronger in the morning. In terms of transaction, in the afternoon, as the futures snail continued to rise, the market mentality improved, the trading atmosphere was strong, speculative demand picked up, and the overall transaction increased compared with the previous day. In the short term, the current rebar output remains low, and the short-term recovery may be limited; The absolute value and growth rate of inventory are lower than that of the same period last year, which may support finished products in the short term.

Hot rolled coil: on February 21, the average price of 4.75mm hot rolled coil in 24 major cities in China was 5031 yuan / ton, up 24 yuan / ton from the previous trading day. Affected by the policy side, the recovery of steel prices will rely more on the power of the demand side. Futures pulled higher and spot was restless, but demand was sluggish. The spot market is expected to be relatively calm in March, and the speculative capital market is not expected to be better in the next month. In the short term, the national hot-rolled coil price may fluctuate upward.

Cold rolled coil: on February 21, the average price of 1.0mm cold coil in 24 major cities in China was 5576 yuan / ton, an increase of 10 yuan / ton compared with the previous trading day. The black futures market fluctuated and rose, the hot-rolled spot market price followed the rise, and the cold-rolled spot market price rose by a narrow margin. According to the market feedback, the market merchants fully resumed work and production, the procurement enthusiasm of downstream end users deviated, and the cold rolling transaction was still less than expected. From the point of view of mentality, the market merchants are cautious about the overall market this week, the inventory pressure in some markets is large, and the merchants mainly ship more goods.

Medium and heavy plate: on February 21, the average price of 20mm ordinary plate in 24 major cities in China was 5190 yuan / ton, up 5 yuan / ton from the previous trading day. With the improvement of the transaction over the weekend, some businesses have the idea to test the rise today. However, due to the general realization of the futures on the disk in the morning, the rise of the spot is not obvious, the transaction is good all day, and the futures on the end of the day are up, the market sentiment is driven, and the desire for price rise is strong.