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BRIEFING (October 18, 2023): Major Viewpoints

https://en.steelhome.com [SteelHome] 2023-10-18 10:11:02

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About Steel: From Monday to Tuesday this week, the domestic spot price of steel mainly increased, with construction steel prices increasing by 10-60 yuan/ton, HRC prices increasing by 10-60 yuan/ton, plate prices increasing by 10-40 yuan/ton in most markets, and decreasing by 10-50 yuan/ton in a few markets, and CRC prices in most markets increased by 10-30 yuan/ton. In terms of stainless steel, the prices of 304 series stainless steel increased by 50 yuan/ton, the prices of 201 series stainless steel in some markets decreased by 50 yuan/ton, and the price of 430 series stainless steel remained stable mainly.

About raw materials: From Monday to Tuesday this week, the domestic prices of metallurgical coke and PCI mainly remained stable, whi the prices of coking coal declined in some markets.

The prices of imported iron ore fluctuated with upward trend, with the prices of 61.5% PB fine rising by $4 to $119 per ton, and steel mills maintaining on-demand procurement; The domestic price of steel billets slightly increased, with the Ex-work price of carbon billet in Qian'an area of Tangshan increasing by 20 yuan to 3430 yuan/ton as of this Tuesday; The domestic price of scrap declined in some markets.

About Ferrous Futures: Futures price changes from Monday to Tuesday: Rebar increased by 0.75%, HRC increased by 1%, stainless steel remained flat, iron ore and coke both increased by nearly 3%, coke increased by 3.36%, ferrosilicon slightly decreased by 0.28%, and silicon manganese slightly increased by 0.12%.

Table 1: Change of steel prices in main domestic markets (yuan/ton)

20mm rebar

Shanghai

Hangzhou

Nanjing

Beijing

Tianjin

Shenyang

Guangzhou

chongqing

Xi'an

17-Oct

3720

3750

3750

3680

3710

3680

3830

3760

3780

13-Oct

3690

3720

3730

3670

3690

3660

3820

3700

3730

Change

30

30

20

10

20

20

10

60

50

5.75*1500mm HRC

Shanghai

Zhangjiagang

Boxing

Tianjin

Tangshan

Shenyang

Le Cong

Wuhan

Chongqing

17-Oct

3780

3800

3830

3800

3810

3710

3800

3830

3920

13-Oct

3740

3770

3790

3740

3780

3680

3770

3820

3900

Change

40

30

40

60

30

30

30

10

20

20*2200mm*L  plate

Shanghai

Wuxi

Ningbo

Tianjin

Handan

Shenyang

Le Cong

Wuhan

Chongqing

17-Oct

3780

3780

3840

3730

3690

3850

3970

3880

3890

13-Oct

3750

3760

3800

3720

3690

3900

3960

3890

3900

Change

30

20

40

10

-

-50

10

-10

-10

1.0*1250mm CRC

Shanghai

Wuxi

Ningbo

Tianjin

Handan

Shenyang

Guangzhou

Wuhan

Chengdu

17-Oct

4800

4820

4780

4530

4420

4580

4650

4750

4690

13-Oct

4810

4820

4770

4500

4410

4580

4630

4760

4690

Change

-10

-

10

30

10

-

20

-10

-

Source: SteelHome


(To contact the reporter on this story: jake.yang@steelhome.cn or 86-21-50585733 13816581143)
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