SHINESTAR STEEL GROUP CO., LTD

盛仕达钢铁股份有限公司

Steel prices or weak operation

This week, the mainstream price in the spot market is mainly down. Specifically, the market was disturbed by the epidemic and there were heavy rains in many parts of South China and Southwest China, and the market demand weakened. At the same time, the coke was raised in two rounds, the raw material support weakened, and the sharp adjustment of commodity futures drove the spot price lower.

On the whole, the price of steel in the domestic market fluctuated weakly this week, but with the relatively obvious decline in the price of raw materials, the profits of steel enterprises have been repaired. From the perspective of supply, the output of mainstream varieties has increased this week, but affected by the recovery of demand, the factory warehouse is still mainly on the trend of a small increase. From the perspective of demand, at present, the East China and northern markets are still affected by the epidemic, and the terminal purchase volume is still relatively low, and the demand pressure on the entire market is still large. However, as the logistics and transportation in various places continue to ease, the liquidity of resources has increased, which has boosted market confidence to a certain extent; in addition, as the steel price continues to pull back this week, the terminal replenishment sentiment has rebounded to a certain extent. It is comprehensively expected that the steel price in the domestic market may fluctuate within a narrow range next week.


Post time: May-16-2022

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