Many steel prices slightly higher
2022-11-18

Recently, affected by the autumn and winter production restrictions and other factors, steel prices in many places slightly higher, some areas of finished steel rose to 40 yuan/ton within the day. Before, the price of finished steel fell back, the steel market "silver ten" color is slightly insufficient.

Industry insiders said that with the advent of the northern winter, effective construction time gradually reduced, off-season rush demand limited release, construction steel volume in the short term is difficult to appear a large change, the subsequent price is expected to run smoothly.

Prices of many varieties increased

My steel network data shows that the recent rebar, wire, hot rolled, cold rolled and other varieties of prices slightly higher. From the regional point of view, with Ma 'anshan, Hefei as the representative of East China, Chongqing as the representative of the southwest, Henan as the representative of central China and North China city steel prices rose slightly.

Before, the price of finished steel fell back, the steel market "silver ten" color is slightly insufficient.

Cisa data showed that in October, the domestic market steel demand is still relatively low, steel prices showed a slight decline trend. Imported iron ore port inventories continued to decline and iron ore prices continued to decline month-on-month.

In terms of steel production, CISA data showed that the average daily steel output of key steel enterprises reached 2,029,100 tons in late October, down 1.73% from the previous month.