This week (2021.1.23-1.29) Zhengzhou's local
Hot rolled coil prices fell slightly. The market prices of ordinary carbon steel hot-rolled coils in BBNsteel for 1.8mm and 2.0mm are 4980 yuan/ton and 4940 yuan/ton, respectively, and the market price of Anyang Steel’s 3.5mm and above is about 4630 yuan/ton.
Specifically, in terms of hot-rolled coil prices, this cycle has stabilized, and market prices have been consolidating. From the perspective of transactions, as the year-end holiday approaches, terminal purchasing enthusiasm has decreased significantly. In addition, due to the impact of the external epidemic, the market mentality is weak, and overall shipments have decreased significantly compared with last week. In terms of resources, the province's steel mills currently schedule production normally, with few resources arriving, and inventories are stable compared to last week. In summary, it is expected that the price of hot rolled coils in Zhengzhou will continue to run smoothly in the short term.
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