Steel spot market on September 6

Construction Steel: On September 6, the average price of 20mm Class III seismic rebar in 31 major cities across the country was 5392 yuan/ton, an increase of 35 yuan/ton from the previous trading day. In the short term, recent news about environmental protection production restrictions in Handan, Jiangsu and Guangdong, Guangdong and other regions have been frequently released. With the supply-side contraction expected superimposed news boosted, the market is bullish. In the short term, with the gradual release of demand, the fundamentals of supply and demand continue to improve.

Hot-rolled coils: On September 6, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5,797 yuan/ton, an increase of 14 yuan/ton from the previous trading day. In September, the northern steel mills increased their overhauls, and the steel mills’ orders were significantly discounted. This led to a decrease in the amount of resources of Beimao’s southward movement. News of limited production in various regions and dual control of energy consumption appeared. Speeding up, supply has also declined, and the overall fundamentals of hot rolling are acceptable.

Cold rolled coil: On September 6, the average price of 1.0mm cold coil in 24 major cities across the country was 6,516 yuan/ton, an increase of 6 yuan/ton from the previous trading day. According to market feedback, the price of cold-rolled rolled products fluctuated upward, supported by the stronger volatility of hot coil futures today, but the space is very limited. It is reported that the mood of many places has risen today, mostly based on transactions, and the market's mutual replenishment sentiment is general. The downstream industries mostly purchase on demand after replenishment last week.

Plate: On September 6, the average price of 20mm plain plates in 24 major cities across the country was 5714 yuan/ton, an increase of 14 yuan/ton from the previous trading day. Today's black futures finished materials continue to rise due to the influence of the raw materials, and break through the resistance to open up the upside, but this rise needs to pay attention to the possibility of later shocks and callbacks. In terms of resources, due to the overhaul of steel mills across the country and the implementation of production restriction policies, the price of plate in the country rose slightly today. According to the weekly production inventory data of mysteel, the inventory of plate in the country has declined, but the transaction is average, leading to trade Businesses have mixed views on the market outlook.