March 10 Steel industry overview

• from：迅xunzhuoweb
• admin：admin123
• date： 2022-03-11

                      March 10 Steel industry overview

Hot coil:
 
On March 10th, hot rolling 5.5mm domestic leading city price: Tianjin 5060 yuan/ton, Shanghai 5110 yuan/ton, Lecong 5090 yuan/ton, Wuhan 5090 yuan/ton, Chengdu 5250 yuan/ton.
Today's market opens, the domestic hot volume market has formed a sharp downward pattern again. From the perspective of the macro market, the National Development and Reform Commission and other departments have recently continued to pay attention to the commodity market, and the current market continues to run weakly. The quotation of each region in the morning has been significantly reduced by about 60-110 yuan, and the demand release is extremely depressed. As for resources, we know from the market that some specifications in Xi 'an, Chengdu, Zhengzhou, Shenyang and other places are in shortage, and the overall inventory is in a continuous decline.
In the later stage, as the traditional heating season comes to an end, hot coil enterprises in northern regions accelerate the pace of large-scale resumption of production. If the downstream demand cannot be timely followed up in the short term, the market quotation may continue to maintain a downward channel under the premise of significant inventory growth. Therefore, it is expected that the domestic hot coil market price may continue to decline significantly tomorrow.
 
Cold rolling:
 
March 10 domestic cold rolling market prices are generally reduced, market trading atmosphere cold.
National cold rolled coil market prices are generally down, hot coil black futures continue to low shock. The price of Tianjin market in North China was lowered by 50 yuan today. According to traders' feedback, futures have been falling in recent days, and the market trading atmosphere has been gradually cold, and the price has entered the stage of slow downward adjustment. South China le from the market cold rolling price today down 70 yuan, due to last week's futures holding red price high, now blocked high transaction, transaction is weak, businesses are mainly low to throw goods, business mentality gradually turned to cautious pessimistic. Overall, it is expected that tomorrow's domestic cold rolled coil prices will be mainly down to a small.
 
Strip:
 
Hot coil futures today opened 5080, closed 5107, down 1.1%.
North China tropical market weak operation. The market, tangshan market opened in the morning small narrowband manufacturers after the mainstream price 70 back to 20, the overall transaction flat. 355 series narrow band market, affected by the impact of the futures shock disk, the morning after the market fell sharply, slowly picked up in the afternoon, the price correction than yesterday down about 20 levels, tianjin market some resources have been volume, but tangshan area by transportation price adjustment block, less transaction. East China tropical market narrow range decline. In terms of the market, with the impact of transactions in North China today, the market trading atmosphere is generally not positive, mostly in the situation of price without market, inquiries are less, the current overall market is in the interval shock stage, some steel factory prices are lowered, the market slowly from wait-and see to accept. Strip market is expected to consolidate tomorrow.
 
Plating:
 
March 10, domestic plating market prices continue to decline.
Domestic plating prices continue to decline today. Hot coil black futures low shock, private steel galvanized prices down 50-150 yuan, which represents the private steel: Mega construction 5800 yuan/ton, Xinyu 5770 yuan/ton. According to traders' feedback, under the influence of futures decline, market sentiment gradually turned cautious and pessimistic, market transaction is light, today some of the largest shipments only one third of the earlier. The downstream terminal orders are not saturated, coupled with the relatively high market price, the profit space is compressed, and the downstream is basically on demand procurement, and there is no desire to stock up. Affected by the epidemic, some regions have closed roads, hindered logistics and transportation, and made shipment difficult. Overall, is expected tomorrow domestic coated plate volume price consolidation.

（Information from the Internet）