China's steel market is likely to continue to rise this week

Looking back on last week's steel market, it showed a strong upward trend. The comprehensive steel price index rose 207 points, including 222 and 227 points for screw thread and wire rod, 206, 205 and 139 points for medium plate, hot rolling and cold rolling, respectively. In terms of raw materials and fuels, the US dollar index of iron ore rose 9 points, the scrap price index rose 23 points, and the coke price index rose 1.4 points, with an upward trend that is more than expected.

Looking forward to this week's steel market, it may continue to rise. The main reasons are as follows: first, although there is no big change in the macro aspect, the two sessions will be held soon; Second, during the long holiday, the steel inventory increased by 7.53 million tons, which is still likely to increase significantly this week, but the market is still in the reality of transaction expectation and year-on-year preference; third, the continuous rise of steel billets at the weekend is conducive to the sustained recovery of market sentiment; and the price increase of some steel mills also has a boosting effect on the spot market.

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.

  • Hotline:0086-371-86151827
  • Fax:    0086-371-86011881
  • E-mail:[email protected]