Blast! Steel prices will rise in March!

Price of steel of today continues concussion trend, each breed price rises drop differ, present a "plank is strong, building materials is weak" characteristic. Specifically, the average price of rebar 20mmHRB400E in 24 major markets is 3,983 yuan/ton, down 8 yuan/ton. Average price of hot rolled coil is 3,820 yuan/ton, up 10 yuan/ton; The average price of 14-20mm medium plate is 3964 yuan/ton, up 11 yuan/ton.

Spot market is flat, on the one hand, by the futures weakness led to a strong wait-and-see sentiment, on the other hand, demand is still in a seasonally weak state, the recovery pace is slow. The steel stock accumulates obviously, the surplus supply and the low demand cause the steel price recent weak movement. Futures 18 day and night up high failure,19 days after the opening shock fell back, facing the direction of choice.

On the whole, today's futures market black plate continued concussion trend. Thread rose 0.27% to 2655, hot coil rose 1.14% to 36638, wire rod rose 0.37% to 3785, coking coal fell 1.06% to 1256, coke rose 0.87% to 2085, iron ore remained stable to 631.On the one hand, supply exceeds demand has become the market consensus, the short - term trend of the disk has fully reflected the market expectations; On the other hand, the expectation of the recovery of demand in March has also played a supporting role in steel prices, resulting in steel prices show up difficult to fall difficult characteristics, we think this trend will continue to predict that tomorrow will still run shock.

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