Short-term price trend of hot rolled steel coil in China tends to be strong

Short-term price trend of hot rolled steel coil in China tends to be strong

On the 4th day, the hot rolled steel coil price was on a slight upward trend, and the market demand was relatively good. Businessmen feedback, the current cost has been basically the same as the market price, the willingness to sell hot rolled steel coil at low is slightly lower. At present, the growth rate of steel stock in the market has slowed down, which plays a better role in the top price of the market.

Feedback from the steel mill shows that the overall order in March is still acceptable and the market demand is reflected, which hinders the hot rolled steel coil price downward. From the point of view of current quotation of mainstream cities, 575-578 usd/ton in North China, 597 usd/ton in East China, 597 usd/ton in South China, and 597-598 yuan/ton in South China, the price gap between the three lands continues to recover, and the pressure of the short-term northern market has slowed down. As far as the short-term market situation is concerned, the demand recovery is still acceptable, and the inventory pressure is not obvious, so the short-term hot rolled steel coil price trend shocks tend to be strong.