Due to the weakening of market mentality, the domestic spot S355JR plate price has gone up and down, but the drop is not too big. Iron ore (516, 5, 0.98%) market is weakening steadily, and miners lack confidence in the market outlook. The following is the specific market situation of today's S355JR plate included steel market:
The average price of 14-20mm S355JR plate etc. low alloy medium plate in 23 main markets is 4512, down 11 from the previous trading day.
The average price of 4.75 Hot rolled coils in 24 main markets of the country is 4147, down 7 from the previous trading day.
Although inventory is relatively low, it should be noted that the reduction is clearly decreasing. Moreover, S355JR plate etc. steel prices have been severely depressed by the surge in steel production, the surge in steel sales to the South and the persistence of large uncertainties in terminal demand, especially for sheets, which are expected to decline by about 50% next week.
Just like you, 70% customers choose long-term cooperation with BBN steel not only for our good product and service quality, good reputation in the international market, but also for our experienced one-stop raw material supply and further steel processing!
