Prediction this week: domestic steel prices continue to rise

Posted:2021-09-23 15:18:16

Last week (September 13-September 17), the domestic steel market inventory continued to decline, the trading volume of rebar declined month-on-month, the steel plate rebounded slightly from the previous month, the operating rate of blast furnaces fell slightly, and the price trend of the domestic steel market diverged, including construction steel and structural steel. Steel price fluctuated upwards, various types of steel plate prices fluctuated weakly, and hot-rolled coil prices fell sharply. The trend of raw materials and fuels diverged, iron ore prices continued to fall sharply, billet prices rose first and then fell, scrap steel prices fell weakly, and coal coke prices continued to rise strongly.

It is expected that this week (September 22-September 24) the domestic steel market prices will continue to fluctuate and rise; the decline of iron ore will slow down, the price of scrap will continue to fall, the price of billet will fluctuate slightly, and the price of coking coal will fluctuate. The twelfth round of price increases will reduce the acceptance of steel mills, and the game between steel companies and coke companies will intensify.

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