The steel billet market is running steadily today. Market trading is average, with transactions occurring around 427 US dollars/ton of warehouse spot goods before noon, and narrow fluctuations in spot prices in the afternoon, with transactions occurring at 428 US dollars/ton of warehouse spot goods. Downstream steel transactions increase in volume, and steel mills purchase billets at low prices in moderation.
Tomorrow's forecast: It is expected that the steel billet market will remain stable on December 21st.
China building material Price
The prices of building materials in the Tangshan area have remained stable with a moderate decrease. Among them, the price of Le Steel's third grade large snail has dropped by 3 US dollars per ton, with a theoretical valuation of 455 US dollars per ton; The price of Fengnan wire is stable, reported at Q195/235/6.5-10/468 USD/ton. Merchants still lack confidence and adopt a wait-and-see attitude towards winter storage, with a weak willingness to stock up and a strong wait-and-see sentiment.
Tomorrow's forecast: It is expected that the price of construction steel will be adjusted steadily on December 21 tomorrow.
The price of hot coils in Tangshan remains stable, with a main market price of 470 US dollars per ton; The price of medium and thick plates has decreased by 2 US dollars per ton, with the mainstream quotation being 471 US dollars per ton. Tangshan hot coil factory price, some manufacturers quote $460/ton. The current market lacks positive news support, and the weakening of cost side prices is dragging down finished materials, with expectations of a decrease in coil prices.
Tomorrow's forecast: It is expected that the market price of hot rolled plates will remain stable and slightly lower on December 21st.
The price of Tangshan section steel has decreased by 4 US dollars per ton, with angle steel at 5 # 459 US dollars per ton, channel steel at 8-16 # 459 US dollars per ton, and I-beam at 14-20 # 463 US dollars per ton. The futures market is consolidating at a low level, and downstream low-priced purchases are increasing. Overall transactions are still acceptable, supported by improved demand and cost support.
Tomorrow's forecast: It is expected that the price of steel will stabilize and stop falling on December 21st.
Today, the price of Tangshan Xiaonarrowband has decreased by 4 US dollars per ton, resulting in poor overall transactions. The mainstream market price is 451 US dollars per ton; The ex factory price of Ruifeng in the mid broadband market has decreased by $3/ton, and the ex factory price of Donghai has decreased by $1/ton. The afternoon market price for the 355 series was 456 US dollars/ton, which remained stable compared to yesterday. Futures fluctuated and adjusted, with overall trading performance being light.
Tomorrow's forecast: It is expected that the strip steel market will stabilize and consolidate on December 21st.
The ex factory price of welded pipes is currently weak, with Tianjin straight seam pipes priced at 514 US dollars per ton, Tangshan straight seam pipes priced at 497 US dollars per ton, and scaffolding pipes priced at 442 US dollars per ton. The snail market is fluctuating, and the price of raw material strip steel has slightly decreased. Market merchants are cautious in quoting prices, and downstream purchases are made according to demand, resulting in overall weak transactions.
Tomorrow's forecast: It is expected that the welded pipe market prices will stabilize and consolidate on December 21st.
China steel scrap Price
The price of scrap steel in Tangshan market has remained stable with a slight decrease, and the futures market has turned green. The market sentiment of fearing a decline has increased, and the market performance is average. Individual steel companies are still carrying out winter storage, and secondly, at the end of the year, scrap steel resources are tight, resulting in a slight decline in site receiving volume and temporary storage of scrap steel demand. The trend of the off-season at the end of the year has not changed, and the profits of steel mills have not improved much. The enthusiasm for purchasing scrap steel is poor.
Tomorrow's forecast: It is expected that the scrap steel market prices will fluctuate weakly on December 21st.
