Billets fell to 3300, as did rebar, and steel prices continued to fall

On June 15th, the price of steel futures quickly declined in the afternoon, with the futures falling 25 to close at 3572, and the futures falling 17 to close at 3533. Today, the central bank contracted for 200 billion MLF, and the "rate cut" failed, and the winning interest rate remained the same as last time, maintaining 2.95%. Monetary policy has limited boost, and the market is highly concerned about the impact of the Beijing epidemic on the construction of North China, superimposed on the floods caused by heavy rainfall in the south. According to the forecast of the China Meteorological Administration, Northwest, Southwest, Huanghuai, Jianghan, Jianghuai and other places will remain in the next three days. There was a round of heavy rainfall, the seasonal demand slowed down gradually, and the overall transaction weakened.

Steel spot quotations are stronger than building materials. Cumulative ups and downs over the weekend. Five of the 24 rebar markets have risen by 10-20, two markets have fallen by 10-20. The average price of 20mmHRB400E is 3784 yuan/ton, up 2 from the previous trading day. yuan / tonne;

Nine of the 24 hot coil markets rose by 10-30, and the average price of 4.75 hot rolled coil was 3758 yuan/ton, an increase of 8 yuan/ton from the previous trading day;

Among the 24 markets of the China Board, 5 markets rose by 10-20, 1 market fell by 10, and the average price of the 14-20mm general board was 3863 yuan/ton, an increase of 2 yuan/ton from the previous trading day.

According to data from the National Bureau of Statistics, my country's crude steel, pig iron and steel output in May were 92.27 million tons, 77.32 million tons and 114.45 million tons, an increase of 4.2%, 2.4% and 6.2% respectively.