ABS grade A steel raw material prices accelerated decline

Domestic spot ABS grade A steel prices continue to fall, and the decline has expanded again, market sentiment is slightly pessimistic, trading appears weak. The iron ore market is also in a downward trend in the turbulence.

According to the latest market report provided by domestic iron and steel information institutions, the domestic spot ABS grade A steel price composite index closed at 147.2 points in the latest week, falling 5.29% in a week. The spot ABS grade A steel market is pessimistic when the relevant futures market continues to break down. The spot ABS grade A steel price continues to fall and the decline is gradually expanding. Businessmen often cut prices to get their goods delivered, but market turnover is still weak.

According to the latest inventory data, social inventory continues to decline, while the growth of ABS grade A steel plant inventory slows down under the circumstance of the shrinkage of steel plant output. In the plate market, prices generally fell. The price of hot-rolled coil has fallen considerably. The average market price of hot-rolled products of mainstream specifications in the main markets of the country is 3819 yuan per ton, down 131 yuan per week. Medium and heavy plate prices fell sharply. The average price of medium plate in the mainstream specifications of major markets in China was 3951 yuan per ton, down 221 yuan per week. Leading ABS grade A steelmakers in the new round of ex-factory pricing have opened a more obvious "drop", and the strength of cost support is also weakening.

According to the analysis of relevant institutions, the domestic ABS grade A steel price has fallen considerably in recent years, and the trend of further decline may be slowed down. However, the current terminal demand of the ABS grade A steel market has been affected by seasonal factors, the stock of ABS grade A steel mills has been continuously overstocked, and the price of raw materials has been accelerated to fall, which has a certain restraint on the current trend of ABS grade A steel prices.

Hot ProductsSee More+

  • Shipbuilding steel pipe

    Shipbuilding steel pipe

    GB T 5312 Carbon and carbon-manganese steel seamless steel tubes and pipes are mainly for ship use, also known as shipbuilding steel pipes. Under GB T 5312, there are mainly 5 steel grades: grade 320, 360, 410, 460 and 490. Each grade covers three levels: I, II, III.

  • Shipbuilding use angle steel

    Shipbuilding use angle steel

    Angle steel, commonly known as angle iron, is a long strip of steel whose sides are perpendicular to each other. There are equal angle steels and unequal angle steels. The two sides of equal angle steel are equal in width. The unequal angle steel is also known as L shape profile steel.

  • Shipbuilding flat bar

    Shipbuilding flat bar

    Flat bar steel can be produced according to the user's needs, with fixed thickness, width and length. It can reduce the cutting process for users, reduce the consumption of labor and materials, and also reduce the processing loss of raw materials.

  • Bulb flat steel for shipbuilding

    Bulb flat steel for shipbuilding

    The bulb flat steel is a kind of medium section material which is mainly used in the field of shipbuilding and bridge building, and the shipbuilding bulb flat steel is an auxiliary medium section material for shipbuilding.

  • FH40 Shipbuilding steel plate

    FH40 Shipbuilding steel plate

    The steel for shipbuilding and oil platform---FH40, is the high tensile strength steel.The shipbuilding steel FH40 is the Hull structural steel.We can provide FH40 shipbuilding steel plate price.

  • EH40 Shipbuilding steel plate

    EH40 Shipbuilding steel plate

    The steel for shipbuilding and oil platform---EH40, is the high tensile strength steel.The shipbuilding steel EH40 is the Hull structural steel.We can provide EH40 shipbuilding steel plate price.

You can contact us through the following ways:

If you are interested in our company or products, welcome to visit our company or local offices; you can also get contact with us through online consulting, demand table submission, e-mails and telephones. Our staff shall wholeheartedly provide product information, application knowledge and good service for you.

  • Address:XICHENG SCIENCE & TECHNOLOGY BUILDING HIGH-TECH DEVELOPMENT ZONE, ZHENGZHOU, CHINA
  • Hotline:0086-371-86151827
  • Fax:    0086-371-86011881
  • E-mail:[email protected]