Spot steel prices in China have risen with the rise of the market, but the increase is limited. Under the background of weakening demand as a whole, the turnover has gone from temporary growth to relatively light. The iron ore market is stable and slightly upward, and the miners' confidence is generally acceptable.
In the last week, China's spot steel price composite index closed at 140.36 points, up 0.09% a week. Specifically, early in the week, the black futures market opened higher and higher, and the market turnover increased. However, spot steel prices have a relatively limited increase, and by the end of the week, driven by weak demand, trading has turned to light.
According to the analysis, in the construction steel market, the price is narrow and consolidated. The average price of the main specification screw steel varieties in the main market of China is 3929 yuan per ton, down 1 yuan per week. According to the latest inventory data, with the increase of the production of threaded steel, the social inventory continues to show a cumulative trend. The inventory of steel mills has declined slightly, and the overall inventory level is still at a low level compared with previous years.
In the steel plate market, the overall price has risen slightly. The price of hot rolled steel coil is on the high side. The average market price of hot rolled steel products of main market specifications in China is 3743 yuan per ton, up 9 yuan per week. Medium and heavy plate prices rose slightly. The average price of medium steel plate in the mainstream specifications of major markets in China was 3858 yuan per ton, up 22 yuan per week. Businessmen are not too optimistic about
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