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In the most recent week, the domestic spot steel price index closed at 149.42 points, down 0.21% over the week, and the decline has narrowed significantly. Before this, steel prices fell sharply, which has caused the rapid release of negative factors in the market, and the spot steel market turned to stabilize and stabilize. The situation between the varieties has been divided.
According to analysis, in the construction steel market, prices still fell, but the decline was modest. The average price of rebar grades in major markets across the country was 4,078 yuan per ton, a slight drop of 27 yuan per week. Specifically, at the beginning of the week, spot steel prices fell weakly due to the decline in rebar futures and weak demand. However, in the middle of the week, the market sentiment has clearly recovered, and the market has also picked up slightly at low prices. Spot purchases have increased, and the spot steel market has stabilized.
In the sheet metal market, overall prices have risen. The price of hot-rolled coils rose slightly. The average price of hot-rolled products in major markets across the country was 4,101 yuan per ton, up 3 yuan per week. The plate price also rose slightly. The average price of the mainstream specifications in the major markets across the country was 4,264 yuan per ton, up 44 yuan per week. At present, though there is a slight digestion of the spot steel stocks, the overall inventory is still at a high level, and market pressure remains.
The iron ore market is in an oscillating state as a whole. According to the latest report, in the domestic ore market, the price of iron concentrate powder in Hebei region oscillated down, and the drop in ton ranged from 10 yuan to 20 yuan. The enthusiasm of steel companies for making up domestic mines is not too high. The price of imported ore fell first and then rose. As of the 15th, the price of 62% grade imported iron ore was US$71.5 per ton, which was US$1.25 per week. During the first half of the week, the port transactions continued to be sluggish, and some miners began buying at the bottom in the second half of the week. The steel mills also intend to increase their inventory, driving the import ore prices to rise and fall. Since March, shipments from overseas mining companies are gradually recovering, and iron ore stocks at ports have continued to rise, and have now risen to historically high levels.
The analysis of relevant institutions believes that taking into account the recent strengthening of environmental protection in some parts of the country, the release of domestic steel production capacity will be somewhat restrained, while the steel market is entering the traditional peak season for consumption. The mentality of the steel market will gradually stabilize, and domestic steel prices will be stabilized in the short term. Will narrow the trend.
Source: Network
Domestic steel prices have stabilized iron ore market fluctuations
Xinhua News Agency, Shanghai, March 18th Domestic spot steel prices have shown signs of stabilizing on the basis of a narrowing decline. However, the market inventory level is still at a high level and pressure remains. The iron ore market oscillated and the port ore inventory rose to a record high.