This week, the domestic iron and steel market prices were consolidated and operated, with average transactions and small price fluctuations.
According to the price monitoring of SunSirs, the price of mild steel plate rose from November 21, 2022 to November 25, 2022. The price of ordinary mild steel plate (material: Q235B; specification: 20) was 3,772 RMB/ton on November 21 and 3,778 RMB/ton on November 25, up 0.16%.
According to the price monitoring of SunSirs, the price of low alloy plate rose from November 21, 2022 to November 25, 2022. The price of manganese plate (material: Q345B; specification: 20 * 2200 * L) was 3,972 RMB/ton on November 21, and 3,978 RMB/ton on November 25, up 0.15%.
Influence factors
On the supply side, the price of raw materials and fuels rose, and the profitability of steel mills was limited. In addition, Hebei and other places started emergency response to heavy pollution weather, resulting in limited capacity release and small decline in output. The total inventory of China's medium plate was 1.9572 million tons, a decrease of 39.500 tons compared with last week.
In terms of demand, many regions in Beijing, Tianjin and Hebei were sealed and controlled, and some regions were silent. The project construction was significantly affected, which directly led to the decline of steel demand and transaction.
Shutdown for maintenance. This week, 60 of the 126 blast furnaces in Tangshan were overhauled (including long-term shutdown), with a total volume of 44,810m ³； The weekly output was about 941,500 tons, and the weekly capacity utilization rate was 71.54%, up 1.77% from last week, down 3.98% month on month and up 8.88% year on year.
Analysis and prediction
The transaction performance of the mild steel plate and low alloy plate market was average this week. The supply side data did not change much, and the market demand did not improve significantly. In terms of resources, the social treasury continued to decline this week, with East China and North China accounting for the main proportion. In the short term, the domestic prices of mild steel plate and low alloy plate may be weak and stable.
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