The current domestic steel market is in a relatively balanced state.

On July 28, the domestic steel prices continued to fluctuate at a high level. The steel market saw a relatively obvious long and short see-saw. The black series once again staged a rise and fall. The market once turned red, with a maximum of 3770 yuan for snails and a high of 835 yuan for iron ore. , But ultimately failed to hold onto the upward trend, oscillating and closing for three consecutive trading days.

Although the steel price has adjusted for several consecutive trading days, there is not much room for it. Once it drops to a psychological price, it will rise and then fluctuate, indicating that the current steel market is in a relatively balanced state.

Steel Market Overview: On July 28, the domestic steel market prices stabilized and weakened, building materials stabilized and declined, hot coils were mainly stabilized, medium and heavy plates were adjusted narrowly, strip steel stabilized, and coatings stabilized and weakened , Cold-rolling is basically stable, seamless pipes are generally stable, profile prices are falling, and special steels are steadily falling. The specific market changes of various steel products are summarized as follows:

Construction steel: On July 28, the domestic construction steel market price stabilized and declined. Dominating the market, prices in Beijing, Shanghai, Guangzhou and Tianjin are temporarily stable. According to monitoring data, the average price of Ф6.0mm high-line steel in key domestic cities is 4012 yuan (ton price, the same below), which is 6 yuan lower than the previous trading day; the average price of Ф25mm grade 3 rebar in key domestic cities is 3737 yuan, which is higher Decrease by 7 yuan on a trading day. Leading cities: Beijing high-speed wire (6mm) 4510 yuan, unchanged; third-grade rebar (25mm) mainstream specifications 3700 yuan, unchanged; Shanghai market high-speed wire 3,910 yuan, unchanged; third-level rebar 3640 yuan, unchanged. The snails opened in early trading and fluctuated upwards, and in the afternoon, the disk was weakly down. On the whole, today's snails oscillated and the spot market was cautious.

Seamless pipes: On July 28, domestic seamless pipes were stable overall. According to monitoring data, the average price of seamless pipe 108*4.5mm in key domestic cities was 4,581 yuan, which was the same as the previous trading day. Today, the prices of billet and seamless tube plants are temporarily stable, and the ex-factory price of 108*4.5mm is now 4260-4300 yuan. International trade frictions are frequent, seamless pipe export trade volume is no longer expected, domestic seamless pipe inventory is backlogged, and the pressure of domestic market competition is increasing.

Iron ore: The domestic iron ore market maintained stable operation on July 28. According to monitoring data, the mainstream market price of 66% sour powder excluding tax in Tangshan area is 750-760 yuan, which is the same as the previous working day; the market price of 65%-66% sour powder excluding tax in Jianping area is 700-710 yuan, the same as the previous working day; Zibo area 65%-66% acid dry basis tax-included cash market price is 1010-1020 yuan, the same as the previous working day.