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6 steel mills raised prices, billets fell by 20, and there is little room for steel prices to rise

On October 8, the domestic steel market price rose slightly, and the ex-factory price of Tangshan common billet fell 20 to 3710 yuan / ton. During the holiday, the prices of bulk commodities rose, and after the holiday, the market prices continued to rise, and the market trading atmosphere picked up.

Construction steel: On October 8, the average price of 20mm grade 3 seismic rebar in 31 major cities across the country was 4,200 yuan/ton, up 30 yuan/ton from the previous trading day. Specifically, in the morning, the overall domestic construction steel prices continued to rise during the small holiday. In terms of transactions, on the first working day after the holiday, the downstream replenishment demand was released, and the overall transaction was acceptable, and the transaction increased slightly throughout the day. On the whole, the current market mentality is generally strong. On the one hand, the cost has a certain support for the price, and on the other hand, the adjustment of the policy has a strong expectation for the later consumption to catch up. It is expected that the domestic construction steel market price will stabilize and strengthen on the 9th.

During the National Day holiday, the commodity market strengthened, and the price of black steel rose along with the price of steel billet. The spot price continued to rise after the opening of the market on the first day after the holiday. The terminal downstream replenished the warehouse, and the speculative demand was also released, and the market transaction picked up. Coupled with the support of raw material prices, it is expected that the short-term steel market prices will be strong.

Post time: Oct-09-2022