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Steel mills have intensively increased prices, billets are raised by 40, and steel prices continue to rise

Steel mills have intensively increased prices, billets are raised by 40, and steel prices continue to rise

(Summary description)China Communications Chuanglian Information: On July 26, the domestic steel market prices generally rose, and Tangshan billet ex-works raised 40 yuan to 5240 yuan/ton.

Steel mills have intensively increased prices, billets are raised by 40, and steel prices continue to rise

(Summary description)China Communications Chuanglian Information: On July 26, the domestic steel market prices generally rose, and Tangshan billet ex-works raised 40 yuan to 5240 yuan/ton.

Information

China Communications Chuanglian Information: On July 26, the domestic steel market prices generally rose, and Tangshan billet ex-works raised 40 yuan to 5240 yuan/ton. Affected by the strengthening of the futures and billet markets, the steel spot market is actively rising today. However, the wait-and-see sentiment of downstream terminals increased, and there was no significant increase in market transactions.

 

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On the 26th, most of the black futures varieties rose, and coke rose more than 3%. The main force of the snails closed at 5687, up 0.44% from the previous trading day, DIF and DEA crossed upwards, the RSI three-line indicator was located at 69-79, and the Yanblin belt was running on track.

 

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On the 26th, 16 steel mills across the country adjusted the ex-factory price of construction steel by 20-110 yuan/ton.

 

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Steel spot market

Construction steel: On July 26, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 5,453 yuan/ton, an increase of 66 yuan/ton from the previous trading day. Driven by the rise in Friday night futures, the early spot market continued its weekend gains, and the domestic construction steel prices rose across the board in the morning. From the perspective of transactions, East China and Central China were affected by typhoons and floods, and the overall transaction performance was average, while the southern region had better shipment levels. As the demand is still in the off-season, terminal on-demand procurement is the main focus, and the speculative demand performance is average. It is expected that domestic construction steel prices may continue to rise on the 27th.

 

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Hot-rolled coils: On July 26, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 5849 yuan/ton, an increase of 46 yuan/ton from the previous trading day. Today's black commodity futures fluctuated upwards, the spot market had strong confidence, merchants' quotations rose, and the overall transaction was average. Futures fell in the afternoon, and the wait-and-see sentiment in the spot market increased. At present, market demand is still in the off-season, and market transactions are difficult to release significantly. However, under the influence of expected production restrictions, merchants are more optimistic about the market outlook, and short-term prices still have an upward trend, but the range may be limited. On the whole, it is expected that the price of hot-rolled coil on the 27th may fluctuate and run strongly.

 

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Cold rolled coil: On July 26, the average price of 1.0mm cold coil in 24 major cities across the country was 6,507 yuan/ton, an increase of 17 yuan/ton from the previous trading day. Today’s actual transactions are weak, and most merchants focus on shipments. The transaction prices in some areas have appropriate discounts. Recently, the settlement of steel mills has been on the high side, which has certain support for prices; from the downstream side, more on-demand purchases are also pressured on capital turnover. . It is expected that on the 27th, domestic cold-rolled spot prices will continue to fluctuate mainly in some areas.

 

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Plate: On July 26, the average price of 20mm plain plates in 24 major cities across the country was 5710 yuan/ton, an increase of 39 yuan/ton from the previous trading day. Affected by the increase in the futures market and the weakening of the typhoon stimulus in some areas, the spread between the north and the south has widened, the price has risen significantly in the north, and the south has risen steadily; the transaction is generally average, and some areas have risen in the afternoon but the transaction is weak; in the steel mill, North Steel Plants also rose significantly, mostly in the range of 50-130 yuan/ton, driving the market to follow up. On the whole, there is still room for price increase in the near future. Due to weather factors, it is expected that the price of the national medium board will be adjusted mainly on the 27th, and the increase will be reduced.

 

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Raw material spot market

Coke: On July 26, the coke market was operating steadily, and news of Shanxi Coking's production restriction was reported, which significantly boosted the market mentality. In terms of supply, Shandong coke companies basically maintained their previous production ratios, while coke companies in Jining, Heze and other places faced more inspections, production was unstable, and production restrictions were also greater, ranging from 10% to 40%; national environmental protection The inspection team is stationed in Shanxi, and some coke companies in Luliang, Shanxi have reduced production by 20%-50% due to the impact of environmental inspections. On the demand side, affected by the policy of reducing crude steel production, the number of blast furnaces in Shandong that have been shut down for maintenance has increased, and demand has shrunk significantly. The coke ovens of individual steel plants in Jiangsu have been shut down for maintenance, and most of them are still in normal production, but this policy will most likely be implemented in place in the future. Crude steel is expected to be reduced across the country. As soon as the news of Shanxi's production restriction came out, the demand for coke changed from a decline in supply and demand. The coke market was temporarily stabilized because of the reduction of crude steel or steel mills that were expected to prepare for a decline in coke.

Scrap Steel: On July 26, the scrap market price weakened, the mainstream steel mill scrap price remained stable, and the mainstream market scrap price weakened. With the strong rise in the price of finished steel billets, the market mentality has been boosted, and the shipment speed of traders has slowed down. Affected by the typhoon weather in East China, resource circulation is weak, some terminals have stopped collecting, and scrap steel has shown a downward trend. Driven by high profits, steel mills are still highly motivated to use waste. Scrap steel prices are expected to stop falling and stabilize on the 27th.

Steel Market Forecast

At present, the market sentiment is generally optimistic due to the impact of the restricted production policy. Although the rigid demand has not seen a significant increase in volume, the mentality is better, the pattern of weak reality and strong expectations will still exist, and there is still room for upside in the short term, but the continuous rise is also It is necessary to guard against policy suppression caused by emotional overheating. It is expected that domestic steel prices may continue to rise on the 27th.

Source: My Steel Net

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