Domestic strip steel market in March

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Domestic strip steel market in March

In March, the domestic strip steel market basically showed a volatile upward trend. At the beginning of the month, the steel strip market was affected by the increase in coke, and the price of iron ore rose, which pushed the finished products to generally rising, and the steel strip market generally followed the rise. Steel companies have been active in resuming work and production, traders’ mentality has been boosted, and prices have risen in a wide range.

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The overall support is strong, and the market sentiment is improving. With the influence of downstream demand, the overall trading atmosphere has improved, the trading volume has increased slightly, and there are many cases of small narrowband clearing of Nissan.

However, in the middle of the year, with the gradual reduction of good news and the weak adjustment of raw materials, the market mentality changed, the overall shipment was weaker than the previous period, and the market transaction follow-up was limited. In the latter half of the year, with the repeated epidemics in North China, especially the Tangshan area was greatly affected by the epidemic, the market basically entered a state of stagnation.

As of March 30, the mainstream quotation of small strips in Tangshan in North China is 5150 yuan/ton, the mainstream quotation of 355 series narrow strip in Tangshan is 5100 yuan/ton, and the mainstream quotation of 355 series strip in Tianjin is 5210 yuan/ton, and the mainstream quotation of 355 series in Wuxi in East China is 5100 yuan/ton.

The mainstream quotation of narrowband is 5250 yuan/ton, and the mainstream quotation of 355 series narrowband in Guangzhou in South China is 5350 yuan/ton.

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