According to market feedback, the
price of construction steel in the Henan market rose sharply yesterday(July 7). Now the price of 16-25mm BBN Steel seismic thread is 5,040 yuan/ton, the price of Jingang seismic thread is 5,000 yuan/ton, and the price of 8-10mm Gaoyi seismic coils is 5280 yuan/ton. Ton.
The cargo trend continued to fluctuate and strengthen yesterday. Local prices followed the trend in early trading. In the afternoon, driven by futures and steel billets, the market prices continued to rise following the increase in the ex-factory prices of steel mills.
Judging from the transaction situation, the market speculative demand performance is acceptable, and the overall situation is more optimistic than last week. In terms of resources, due to losses in some steel mills in Henan, rebar output has decreased, capacity utilization has declined compared with the previous period, and inventory in the factory has declined this week.
Overall, it is expected that the price of Henan construction steel materials market today (July 8) may continue to fluctuate strongly.
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