The hottest steel price fell today, still focusing

2022-08-21
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Today's steel price decline is still focused on cost changes

early reference: Tangshan billet quotation in the morning of July 10 and early evaluation of steel in the prediction period on that day: the technical form turns weak, and the steel in the period may continue to fall

the second half of 2012: is the strip steel better or worse? Ministry of industry and information technology: can the expected yield of 17% in the United States of America be achieved by shutting down listed enterprises by the end of September? How? The "game" is not over yet. The Recycling Association said it would pay more attention to the building materials market all over the country on the 10th

the medium plate market all over the country on the 10th

the price adjustment information of domestic steel mills on the 10th. Check: the steel mill channel

yesterday, the overall domestic steel market continued to decline. The overall downward trend of plate, building materials and other varieties of resources was expanded compared with last weekend, and the overall decline of profile and pipe was not obvious, Only a few markets slightly increased by 8 Displacement measurement accuracy of the test bench: the error is less than ± 0.5% of the indicated value Down. The average price of 20mm HRB335 deformed steel bar was 4025 yuan/ton, down 12 yuan/ton from the previous trading price; The average price of 20mm plate was 4056 yuan/ton, down 10 yuan/ton from the previous trading price; The price of 4.75mm hot rolled coil was 4091 yuan/ton, down 13 yuan/ton from the average price of the previous trading day; The average price of 5 # angle steel was 4240 yuan/ton, basically unchanged from the previous trading day

news: CPI rose 2.2% year-on-year in June, hitting a 29 month low. In June, CPI aligned the two sections of the broken sample at the fracture, and the slowdown was mainly affected by the decline in food prices. The CPI data in June showed that the pressure of rising prices was further eliminated, widening the space for pre adjustment and fine-tuning of monetary policy. In less than a month, the central bank has lowered the deposit and loan interest rates twice in a row. It is expected to take measures to reduce the deposit reserve ratio in July to inject more liquidity into the market to alleviate the financing demand pressure of small and medium-sized enterprises; In the second half of the year, the CPI growth rate will continue to be in the process of bottoming out, and the interest rate may be reduced by times

cost side: Tangshan Rongxin 150 billet rose slightly by 10 yuan/ton to 3580 yuan/ton yesterday, while steel mills such as Shanxi Haixin, Puyang, Jiangsu SHENTE, Xinfu Steel, Lianyuan Steel, Jiuquan Iron and steel, Siping Hyundai, Shiheng special steel continued to decline by yuan/ton for building materials; Tangshan Ruifeng, Hebei Qianjin and Bazhou Xinya increased the price of strip steel by yuan/ton; Jiuquan Iron and Steel Co., Ltd. and Tianjin Iron and Steel Co., Ltd. continue to reduce some plates by yuan/ton; The profile and pipe manufacturers are basically stable, but Rizhao steel has reduced the profile by RMB/ton; The small factory in North China raised the price of shelf tubes by about 10 yuan/ton

Futures: yesterday's rebar main contract rb1210 opened low and went low. The main contract rb1210 opened 4070 yesterday and closed at 4050 yuan/ton, down 20 yuan/ton; Mainly affected by the general decline of bulk commodities, the thread diving trend is obvious. Due to the large differences between long and short, the market has insufficient downward space, and it is expected that the futures steel may continue to fall slightly today

demand side: at present, the spot demand continues to be depressed, and the overall transaction is poor. In order to ensure delivery, businesses cut prices to stimulate sales competition is intensifying; In addition, considering that the government is unlikely to introduce major policy incentives in the short term, it is difficult to alleviate the downturn faced by the terminal steel industry in the short term

to sum up, in the current rebound in billet prices, some steel mill prices have also rebounded slightly, but futures, electronic discs and other forward trading prices have significantly declined, and the demand side downturn has not improved. Under the influence of contradictory factors, especially considering the current obvious shipping psychology of various merchants and pessimistic views on the later stage, it is expected that today's steel prices will continue to decline, including building materials Medium and heavy plate is adjusted at -20~0 yuan/ton, and the average price of building materials in the mainstream market is 4010~4030 yuan/ton; The mainstream average price of medium and heavy plate is 4040~4060 yuan/ton. However, as the downward adjustment attitude of manufacturers slows down, it will be conducive to alleviating the current falling business quotation

(source: Alibaba)

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