Steel spot market on January 24, 2022

Construction steel: on January 24, the average price of 20mm grade III seismic deformed steel bars in 31 major cities in China was 4808 yuan / ton, an increase of 3 yuan / ton compared with the previous trading day. Specifically, the mainstream of domestic construction steel prices remained stable in the morning, with a slight rise in some regions. From the perspective of transaction, it is less than a week before the Spring Festival, most market participants are gradually closed from the market, and most engineering projects have entered the closing stage, resulting in the overall downturn of transaction. In the short term, the overall market has continued the pattern of weak supply and demand in the near future. Under the factor of the Spring Festival, the market has gradually made a smooth transition.

Hot rolled coil: on January 24, the average price of 4.75mm hot rolled coil in 24 major cities in China was 4913 yuan / ton, up 19 yuan / ton from the previous trading day. The black futures market fluctuated downward, and the difference between the spot market price and the disk price widened. At present, some enterprises have entered the holiday stage, and the transaction is weak as a whole. On the whole, the supply and demand of steel is still weakening, and the inventory structure is better than that in previous years. The production of environmental protection is limited in various regions for the Winter Olympic Games, and the reduction at the supply end is expected to be greater than that in the same period of previous years.

Cold rolled coil: on January 24, the average price of 1.0mm cold coil in 24 major cities in China was 5467 yuan / ton, up 4 yuan / ton from the previous trading day. According to the feedback of market merchants, the market has been closed gradually since this week. There are almost no transactions in some cities, and the downstream links begin to have holidays. The market trading mood is weak, and only a few merchants replenish each other.

Medium and heavy plate: on January 24, the average price of 20mm ordinary plate in 24 major cities in China was 5073 yuan / ton, up 23 yuan / ton from the previous trading day. With the approaching of the Spring Festival holiday, most regional market merchants and downstream gradually enter the closed state. In addition to the shortage of some resources and the rise of market prices, the quotation in most regions is mainly stable, and the market transaction performance is light all day. In terms of supply, with the upcoming winter Olympics, the implementation of production restrictions in the northern region will be gradually tightened, and there will be a shortage of some market specifications.