Steel billet
Today, the steel billet market is trending towards a strong adjustment, with a factory price of 420 US dollars per ton of steel billets in Tangshan area, including cash and tax. The transaction volume of steel billet direct delivery resources in Tangshan area is relatively weak, with a surge in futures and a downward adjustment. Market trading is average, with warehouse spot transactions at $430/ton. In the afternoon, spot prices tend to decrease, and overall market transactions slow down. The downstream finished product market has average shipments, and steel mills are cautious in their procurement of billets.
Tomorrow's forecast: It is expected that the steel billet market will stabilize and consolidate tomorrow.
The price of hot coils in Tangshan is stable today, with a quoted price of $467 per ton; The price of medium and thick plates is stable, with a quoted price of $468 per ton. Tangshan hot coil factory price, some manufacturers quote $458/ton. The futures market has risen and fallen, and the overall trading volume in the spot market is weak. Traders have a lower willingness to operate, and there is less speculative demand. Steel traders lack confidence in the future market, and there are no favorable factors supporting the news.
Tomorrow's forecast: It is expected that the market price of hot rolled plates will remain stable with a slight adjustment
The ex factory price of welded pipes is stable today, with Tianjin straight seam pipes priced at 510 US dollars per ton, Tangshan straight seam pipes priced at 491 US dollars per ton, and rack pipes priced at 435 US dollars per ton. The period of spiral oscillation adjustment, narrow adjustment of raw material strip steel prices, cautious maintenance of stability by market merchants, downstream on-demand procurement, overall weak transactions.
Tomorrow's forecast: It is expected that the welded pipe market prices will remain stable and consolidate tomorrow.
