The continuous rise in steel prices has not driven a substantial increase in steel supply. This key factor has formed a certain support for the current activity of the domestic spot steel market. The iron ore market also showed upward momentum, with the ton price of imported ore once breaking the $60 mark.

 

According to the latest market report provided by China's well-known steel information organization "My Steel", the domestic spot steel price composite index closed at 102.77 points in the past week, up 8% in a week. This week, the steel futures market rebounded after surging. The billet prices rose by 130 yuan per ton. The spot steel market prices fell slightly after a large increase. The overall increase was still large. At present, the overall market resources of the steel market are tight. Near the weekend, market sales have become relatively light. Some merchants have loosened prices to seek shipments, but the overall market mentality is relatively stable, because the arrival of new resources in the market is limited, and the overall pressure is not great. .

 

In the construction steel market, prices have risen sharply. Ton prices in Shanghai, Hangzhou, Beijing, Tianjin, Hebei and other regions have risen by about 200 yuan a week, and prices in Taiyuan have risen 440 yuan. At present, market prices in many regions have stabilized after soaring, market demand is good, inventory is generally low, and merchants’ quotations are relatively firm.

 

In the plate market, prices have soared. The prices of hot-rolled coils have risen sharply, and prices in Fuzhou, Beijing, and Chengdu have increased significantly. As many regions approached the weekend, steel prices fell and demand slowed down due to the impact of the market correction. However, due to the uneven specifications of available resources in the market, merchants have limited price drops. Plate prices have risen sharply, and ton prices in Beijing, Tianjin, Hebei, Shenyang, Kunming and other places have risen by more than 200 yuan a week. The situation is basically the same, because the inventory is at a low level, the steel price adjustment space is limited.

 

The iron ore market also showed an upward trend. According to the latest report of the "Nishimoto Shinkansen", in the domestic mine market, the price of fine iron powder in Hebei has increased slightly, and steel mill purchases have remained at normal levels. Imported mineral prices fell after a sharp rise. At the middle of the week, the price of imported ore once exceeded the US$60 per ton mark for the second time this year. As of the 14th, the 62% Platts iron ore index closed at US$58.75 per ton, up US$5.15 a week. Recently, the prices of the domestic steel market have continued to rise, and the profits of steel companies have improved, and they have increased their purchases of imported iron ore.

 

Analysis by relevant agencies believes that the recent domestic steel prices have reproduced the sharp upward trend in early March, especially in the northern and western regions, and the weekly price per ton has risen by as much as 400 to 500 yuan. Many markets have exceeded the price at the beginning of last year. High Point. It is inevitable that these price increases will be adjusted in the short term. The price of steel in East China is relatively low, and resources are still relatively tight, with limited room for price correction.