Today, the price of steel rose sharply to a new high, with the price of steel exceeding the 4000 mark. In the afternoon, most of the spot prices were increased, and the trend of raw materials was strong. Steel mills had a strong willingness to back up prices, and there was still room for steel prices to rise.
Futures steel hit a new high and spot prices rose generally
Futures steel surged to a new high, with futures screw up 83 to 3919, futures volume up 79 to 4053, iron ore up 22 to 855, coking coal down 29.5 to 1317, and coke down 8.5 to 2423.
In terms of spot goods, low price resources are traded well, merchants' arrival volume is increased, and terminals mainly purchase on demand.
Of the 24 markets for rebar, 13 markets rose by 10-40, while one market fell by 20. The average price of 20mm HRB400E was 4071 yuan/ton, an increase of 11 yuan/ton compared to the previous trading day.
The average price of 4.75 hot rolled steel plate and coil was 4060 yuan/ton, an increase of 20 yuan/ton compared to the previous trading day.
Fifteen of the 24 markets on the medium board rose by 10-30%, while the average price of the 14-20 mm ordinary medium board was 4004 yuan/ton, an increase of 9 yuan/ton compared to the previous trading day.
The National Development and Reform Commission promotes the inclusion of railway projects in the "14th Five Year Plan"
Recently, the National Development and Reform Commission stated that it would accelerate the preparation of the "14th Five Year Plan" and actively support the inclusion of eligible railway projects in the "14th Five Year Plan" modern comprehensive transportation system and railway development and other special plans. It is proposed to focus on accelerating the implementation of the renovation and expansion projects of hub airports in Xi'an, Lanzhou, Xining, Shenzhen, Fuzhou, Guiyang, Haikou, Guangzhou, Chongqing, Changsha, etc., promote the preliminary work of the renovation and expansion projects of Xiamen New Airport, Dalian New Airport, Kunming, and other hub airports, and promote the construction of a number of feeder airports. The promotion of major projects helps to stimulate steel demand. In the medium to long term, infrastructure investment remains an important area of steel demand.
