Recent steel news

 

1. The price of billet in Tangshan weakened in two days on weekends, and the national construction steel market was stable and fine-tuned

 

The ex-factory price of ordinary carbon billet in Tangshan fell by 20 yuan in two days on weekends. The ex-factory prices of major steel mills in the country were stable, and the market prices were mainly stable. Some cities were slightly lowered, and the shipments were relatively small.

 

2. The nickel industry may return to rationality but is still hard to say optimistic

 

It is learned from industry insiders that the nickel industry outlook may be dominated by fundamentals and gradually return to rationality. However, the current strong expectations of stainless steel factories, which are large demanders of nickel, have not yet been fulfilled, and the trend of “abandoning nickel” for power batteries and energy storage batteries is gradually becoming a trend. The outlook for the nickel industry is hardly optimistic. Regarding the current predicament of stainless steel plants, some senior people in the industry said that the production of stainless steel will be reduced, and the price of raw materials will be adjusted back. The 304 cold-rolled plate is expected to return to a reasonable range of 15,000 yuan/ton-17,000 yuan/ton from about 18,000 yuan/ton at the beginning of the year. , and then adjust the expectations of all parties in the industry chain, so as to achieve a new balance cycle.

 

3. The first round of coke price increases and reductions for mainstream steel companies

 

Over the weekend, a mainstream steel mill in Hebei lowered the price of coke: 50 yuan/ton for wet quenching and 100 yuan/ton for dry quenching, effective from 0:00 on April 1, 2023. Earlier market rumors said that the long-term coking coal quotation in Shanxi may be lowered by 100 yuan/ton in April, which will further reduce the cost of coke.

 

4. Shanghai Shipping Exchange: At the end of the month, the trend of coastal bulk cargo composite index slowed down

 

The Shanghai Shipping Exchange released a weekly report on the coastal (bulk) transportation market on April 1. At the end of the month, the daily consumption of power plants continued to weaken, the demand for haulage weakened, and the situation of more ships and fewer cargoes reappeared, and the trend of the coastal bulk cargo composite index slowed down. On March 31, the China Coastal (Bulk Cargo) Composite Freight Index released by the Shanghai Shipping Exchange closed at 1127.06 points, an increase of 0.4% from the previous period.

PPGI


Post time: Apr-03-2023