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Domestic spot steel prices continued to rise sharply, but the transaction subdued, the market appeared certain "fear of terror" mentality. Imported iron ore prices also rose and then fell, the overall price is still at 80 dollars ton to obtain some support.
According to the latest market report provided by domestic institutions, in the recent week, the domestic spot steel price index closed at 135.01 points, up 5.26% in the week. Slippage in the billet and other cost price increases under the stimulus, the latest mainstream steel mill factory prices have risen in succession, coupled with the steel futures market is also strong, rapid rise in spot steel prices. Titanium CNC turning machining parts Manufacturer However, it is worth noting that the steel market is trading lightly. The reason for this is that apart from the weakened seasonal demand, the market has had a certain degree of "fear-raising" mentality to steel prices, which is also very much related. Fortunately, the current market, the overall amount of resources is still low, which provides some "buffer" room.
According to analysis, in the construction steel market, prices rose sharply. Shanghai, Hangzhou, Jinan and other places up 50 yuan a week to 300 yuan. As can be seen from Shanghai and other markets, the current problem is that demand has not been followed up after the price surge. If the late arrival of increasing, then the supply and demand will escalate the conflict, coupled with the capital side if the tightening, the market will shock operation.
In the plate market, the price is also up. Hot rolled coil prices rose sharply, Shanghai, Jinan, Guangzhou and other places prices rose 80 yuan to 330 yuan a week. In the Beijing-Tianjin-Hebei market, hot-rolled prices hit a new high with strong desire for a pull-up in the market. However, the actual transaction is weak and a lot of time is in the situation of "priceless and no-market", high price and low price shipping There appear. Plate prices rose sharply, Shanghai, Wuhan, Shenyang and other places prices rose 60 yuan a week to 350 yuan. Precision Copper CNC turning parts ManufacturerEnd-user wait and see mood is also more obvious, but relatively tight market resources, the market overall "mentality" is still more optimistic.