Steel mills increased their prices by 100%
The trend of raw materials has been strong, and steel mills have increased their willingness to raise prices. Today, the steel prices of Benxi Steel and Shougang have increased by 100 in December.
The base prices of hot-rolled, cold-rolled, galvanized steel sheets, electro-galvanized steel sheets, cold rolled steel sheets, and wire rods at Benxi Iron and Steel Group were all increased by 100 yuan/ton. At the same time, the base prices of Shougang's hot rolled, cold rolled, and hot-dip galvanized plates were all increased by 100 yuan/ton, and the base prices of medium and thick plates remained stable. The increase in steel mill prices further boosted market expectations.
Seven rounds of increase in coke prices gradually fall to the ground
Currently, some steel mills have accepted the seventh round of increase in coke prices. Some steel mills in Shandong have increased the purchase price of coke by 50 yuan/ton since November 17th, among which, secondary (wet quenching) metallurgical coke: ash content ≤ 13, sulfur content ≤ 0.8, CSR ≥ 55, and total water ≤ 7. After the increase, 2130 yuan/ton will be implemented. Quasi primary (dry quenching) metallurgical coke: ash content ≤ 13, sulfur content ≤ 0.7, CSR ≥ 60, total water ≤ 0.5, after the increase, 2373 yuan/ton is executed.
It is worth noting that environmental inspections have been tightened recently. It is understood that the inspection of coking enterprises in Shanxi Province has affected some coking enterprises in Yuncheng, Changzhi, and Lvliang with restrictions ranging from 2 to 50%. The supply and demand of coke are further tightened, and the market is experiencing a situation of immediate production and sales, and the capacity reduction is still continuing. It is expected that the price of coke will still be relatively strong. Support for steel prices.
Trading volume of building materials picked up slightly this week
The turnover of building materials this week has rebounded from that of last weekend, with the national turnover of building materials rising to 250000 tons, reflecting the strong resilience of downstream demand and the strong short-term support for steel prices.
To sum up, the steel price in November showed a steady trend in the off-season, and this week, the steel price again showed an upward trend. However, compared to last week, the rebound in trading volume was limited, mainly focusing on low-cost resources. It is worth noting that due to the reduction of production capacity and stricter environmental inspection on coke at the raw material end, supply and demand have further tightened, and the seven rounds of increase in coke prices have gradually been implemented, strengthening support for steel prices. It is expected that steel prices will continue to rise tomorrow. (Source: China Steel Network)
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