Industry News
-
After the “May 1st”, the price of the original fuel has fallen at a low level of steel prices
The “May 1st” small holiday returned, and the original fuel prices continued to rise in the early stage, and they entered a downward channel. The second round of coke has been fully landed this week, the price of iron ore has continued to fall, and the price of scrap steel has not bee...Read more -
Global demand is expected to decrease, but steel exports have not increased in volume
According to data released by the General Administration of Customs, in April 2022, my country exported 4.977 million tons of steel, a year-on-year decrease of 37.6%; from January to April, the cumulative export of steel was 18.156 million tons, a year-on-year decrease of 29.2%. In April, my coun...Read more -
Prediction: cost support reality drags down domestic steel market adjustment
The data shows that in the 19th week of 2022, the price changes of 17 categories and 43 specifications (varieties) of steel raw materials and steel products in some parts of the country are as follows: The market prices of major steel products fluctuated and rose. Compared with last week, the ris...Read more -
Several factors affecting the current steel price
Is the price going down in the short term? Or is there a staged rebound? It is also necessary for the market to continue to digest the recent hedging news. The real estate market data continues to be pessimistic, coupled with the beginning of late May, will usher in a seasonal off-season. On the ...Read more -
The market mentality is gradually deteriorating, and the price of steel continues to “sell”
The market mentality is gradually deteriorating, and the price of steel continues to “sell” Today’s spot prices continued to sell, with many varieties falling in chaos, traders’ mentality was quite different, and the general decline ranged from 50-80 yuan. Mainly due to th...Read more -
Strong expectations VS weak reality, the steel market moves forward in shocks
After the May Day holiday, rebar futures and spot prices ushered in a “good start”. The recent frequent fluctuations in steel prices are not unrelated to the current “strong expectations” and “weak reality”. In the short term, the support of the future screw is...Read more -
The impact of the difference in monetary policy between China and foreign countries on the steel market
The world’s major countries have reduced liquidity supply and raised interest rates, and due to the impact of the severe epidemic and the Russian-Ukrainian war, global economic growth and steel demand are bound to be suppressed to a certain extent. Not long ago, the International Monetary F...Read more -
Futures steel plummeted more than 200 points, what happened to the steel market?
Today, the domestic black futures prices have generally plummeted. The main contracts of rebar and hot coil futures have fallen by more than 200 points, or nearly 5%. The prices of raw materials such as iron ore and coke have fallen even more, of which iron ore has fallen by more than 10 %, and c...Read more -
The difference in monetary policy between China and foreign countries has a major impact on the steel market
The world’s major countries have reduced liquidity supply and raised interest rates, and due to the impact of the severe epidemic and the Russian-Ukrainian war, global economic growth and steel demand are bound to be suppressed to a certain extent. Not long ago, the International Monetary F...Read more -
Futures and spot prices fell simultaneously, what happened to the market?
At the close on April 11th, steel rebar futures fell 158 points, or 3.14%, led by short-term disk shorts; hot coil futures fell 159 points, or 3.06%. The spot price in the market fell synchronously, and the decline in the spot was smaller than that in the futures, but the pressure gradually incre...Read more -
The cost support continues to exert force, and the black line can still be expected to be hyped
Today, the mainstream price of hot rolls increased in a narrow range. Affected by the firm price of raw materials and the industry’s expectation of the country’s later policies, the average market price of hot coils has risen today, but the terminal demand continues to be weak. In add...Read more -
Forecast: Steel prices will be…
Forecast: Steel prices will be stable and weak The data shows that today’s black futures opened lower and rose in the red, the market sentiment has improved, and the transportation situation has improved, but the spot market trading is still weak, and the steel price has dropped slightly...Read more
