Some steel mills stop production or maintain consolidation
As the futures market opened higher and fell lower, the market sentiment was weak, and terminal purchases were more likely to be waited for. Carbon Steel Seamless Pipe , Market transactions were significantly reduced. As a result, merchants' prices have been lowered, and billet prices have also dropped by RMB 10 to 3,460/t in the afternoon. API 5L Gr. B Seamless Carbon Steel Pipe At present, the demand side is gradually released and inventory is declining, but the overall situation is still high. The supply of steel mills is still relatively large. Although Xuzhou and Tangshan markets have implemented restrictions on environmental protection, the five steel mills in Xuzhou have actually stopped production and have a limited impact on production. They are more supportive of the mentality. Carbon Steel Seamless Pipe/ Seamless Tube/IronPipe/Round Steel Pipe The international geopolitical crisis has no solution in the short term, and countries will continue to wrestle and have limited impact on the financial market. In a comprehensive view, under the correction of the futures market and the weakening of market transactions, it is expected that the short-term market will not be able to pull up and the price will be consolidating. Cold Drawn Seamless JIS 3445 Stkm 11A Carbon SteelSpecial Pipe for Automobile Spare Parts.
National building materials fell slightly and supply and demand were relatively balanced
Hot and cold rolling prices consolidate and it is difficult to ship at high prices
Stronger consolidation of plate prices strong support
Steel factory price adjustment
A total of three steel mills in the country issued price adjustment information, all of which adjusted the steel prices by a margin of RMB 0-30/t (except for special remarks, the above adjustment range and execution price are all including tax).
Short-term market forecast
In the second half of April, the steel market did not come out of a clear unilateral situation, and business operations were therefore tepid. Junde Steel Pipe Company said that It is reported that early morning futures opened higher and lower, and most of the mentality was affected by this, and trading volume also declined. At the same time, the majority of varieties have been adjusted downwards, showing that short-term and multiple-shorts still occupy the top.API 5L/ ASTM A106 Carbon Seamless Steel Pipe , In particular, in the case of steel mills' poor orders in May, the manufacturer’s policies were mainly based on weak corrections or implicit corrections. To sum up, the steel price may maintain the consolidation trend, and it is recommended that shipments remain the mainstay. ASTM A53 A106 API 5L Grade B Black Carbon SteelSeamless Pipe