Steel Market Review, Steel Price Fluctuations

On March 18, the domestic steel price increase area increased. The construction steel price rose steadily and rose in eastern China; the market price of medium plate prices fluctuate partially; the market price of hot-rolled coils rose steadily; the market price of cold-rolled coils fell steadily or slightly; the market price of coated coils There is a steady decline. According to traders from the Bank of China, on Tuesday (March 18), the central bank carried out 100 billion 28-day repurchase operations. The current institutions are cautiously optimistic about short-term funding. Market participants pointed out that the current downward pressure on the economy has increased significantly, the demand for policy support has increased, and financial reforms also require "moderate liquidity" support. This week, the open market has reduced funds due. According to recent central bank operations, the central bank’s tolerance for a moderate downward shift in the interest rate center will increase, and the scale of withdrawal will decrease accordingly, and there will be no fundamental change in the loosening of funds.

Market price changes in the steel market Shanghai market: The construction steel market price rose slightly, the market price of the plate market was stable, the market price of hot-rolled coils went smoothly, the market price of cold-rolled coils fell steadily, and the market price of coated coils remained stable. Today, the mainstream price of the Φ8mm high line in the Shanghai market is 3,180 yuan/ton, up by 10 yuan/ton over the previous trading day; the mainstream price of Φ20mmHRB400 rebar is 3,100 yuan/ton, up by 20 yuan/ton from the previous trading day; The mainstream prices were 3,450 yuan/ton, which was the same as the previous trading day; the main price of 5.75mm hot rolled coil was 3,330 yuan/ton, which was flat compared with the previous trading day; the mainstream price of 1.0mm cold-rolled coil was 4160 yuan/ t, unchanged from the previous trading day; 1.0mm galvanized coil mainstream price was 4900 yuan / ton, unchanged from the previous trading day; 0.476mm color coated roll mainstream price was 5620 yuan / ton, unchanged from the previous trading day.

Guangzhou market: The market price of construction steel is running smoothly, the plate price in the plate market is stable, the market price of hot-rolled coils rises slightly, the market price of cold-rolled coils is stable, and the market price of coated coils remains stable. Today, the mainstream price of the Φ8mm high line in the Guangzhou market was 3240 yuan/ton, which was flat compared with the previous trading day; the mainstream price of Φ20mmHRB400 rebar was 3410 yuan/ton, which was flat compared with the previous trading day; the mainstream price of the 20mm middle plate was 3530 yuan/ton respectively. The average price of 5.75mm hot-rolled coil was RMB 3380/ton, which was RMB 10/ton higher than the previous trading day; the mainstream price of 1.0mm cold-rolled coil was RMB 4260/ton, which was higher than the previous trading day. The trading day was flat; the mainstream price of 1.0mm galvanized coil was 4,820 yuan/ton, unchanged from the previous trading day; the mainstream price of 0.476mm color coated roll was 6,350 yuan/ton, which was flat compared with the previous trading day.

Tianjin market: The market price of construction steel was mainly stable, while the market price of medium plate fell slightly, the market price of hot rolled coils rose steadily, the market price of cold rolled coils fell slightly, and the market price of coated coils remained stable. Today, the mainstream price of the Φ8mm high line in the Tianjin market is 3210 yuan/ton, which is flat compared with the previous trading day; the mainstream price of Φ20mmHRB400 rebar is 3130 yuan/ton, which is flat compared with the previous trading day; the mainstream price of the 20mm middle plate is 3250 yuan/ton respectively. Compared with the previous trading day, it fell 10 yuan/ton; the 5.75mm hot rolled coil mainstream price was 3210 yuan/ton, up 10 yuan/ton from the previous trading day; 1.0mm cold rolled coil mainstream price was 4,300 yuan/ton. Compared with the previous trading day, the mainstream price of 1.0mm galvanized coil was 4,510 yuan/ton, which was flat compared with the previous trading day; the mainstream price of 0.476mm color coated roll was 5,170 yuan/ton, which was flat compared with the previous trading day.