The steel price in the market on December 11, 2023

Screw thread steel: On December 11th, the average price of 20mm three-level seismic resistant screw thread steel in 31 major cities across the country was 4101 yuan/ton, a decrease of 4 yuan/ton from the previous trading day. Specifically, in the early trading session, the screw level fluctuated at a low level, while in the morning, the mainstream of construction steel in major cities in China remained stable, with some loosening. In terms of transactions, the morning market transactions were average, while the afternoon period saw weak fluctuations in snail prices. In some cities, spot prices have loosened, and low level transactions have performed poorly. In the short term, there have been steel mills reducing production and maintenance in recent times, but the intensity is weak. The demand side is generally stable, and the overall supply and demand of finished products is showing a weak balance pattern.

Hot rolled coil: On December 11th, the average price of 4.75mm hot rolled coil in 24 major cities across the country was 4102 yuan/ton, a decrease of 11 yuan/ton from the previous trading day. Recently, there have been no new favorable policies on the policy side, and coupled with weak raw material prices, the focus of finished product futures prices has fluctuated and decreased. In terms of demand, seasonal demand has weakened, and the sentiment of steel spot prices is cautious. The demand for hot coils has entered a seasonal decline phase, and as December approaches, the weather gradually turns colder. Construction of northern engineering projects is limited, and terminal demand may decline. In terms of emotions, this year's spot winter storage sentiment is weak, and some northern steel mills have begun to face sales pressure, and steel prices will still be under pressure.

Cold rolled sheet and coil: On December 11th, the spot price of cold rolled sheet and coil in China remained weak and stable, with a national average price of 4772 yuan/ton, a decrease of 1 yuan/ton from the previous trading day. The black futures market is volatile, with spot market prices mostly remaining stable. Some traders have reported average market demand. In addition, the northern region has entered a heating season, and recent snowfall and road icing have affected transportation. Some merchants may increase their trading volume through hidden price reductions. In terms of mentality, the recent continuous repair of the price difference between hot and cold has eased the psychological pressure on cold rolling traders, but their outlook on the future is still relatively cautious.

Medium thick plate: On December 11th, the average price of 20mm regular plate in 24 major cities across the country was 4100 yuan/ton, which remained stable compared to the previous trading day. In terms of the market, the main contracts for hot rolling throughout the day were weakly consolidated, and traders mainly offered stable prices with weak willingness to decline. They watched and saw shipments, and the trading volume was average throughout the day. In terms of resources, as some markets gradually reduce inventory, some specifications have become scarce. Currently, the resources of East China Plate are average, and mainstream low alloy steel mills are offering discounted shipments this month. The delivery speed of mainstream ordinary plate steel mills is not fast.