INTEGRITY

Another big benefit? Steel prices rising?

Today, the steel market has rebounded as a whole. First, the raw material side has gone up against the trend, which has led to an improvement in the snail market. It should be noted that from the transaction point of view, there is nothing particularly outstanding. This rise is still the result of the release of favorable policies. How will steel prices change?
(To learn more about the impact of specific steel products, such as Astm A792 Galvalume, you can feel free to contact us)
1. Policies are effective and financial data stabilized and rebounded in August
2. China Coal Transportation and Marketing Association: Adjustments to domestic and foreign coal price fluctuations
In the first to mid-August, the overall supply of coal mines was relatively stable. The coal output of key coal enterprises under monitoring increased slightly from the previous month. However, affected by weather conditions such as rainfall, coal sales and railway transportation volume decreased from the previous month.
(If you want to know more about the industry news on Galvalume Roll, you can contact us at any time)
In the raw material market, steel billet prices are temporarily stable today, iron ore prices are relatively strong, and coke prices are stable but relatively strong.
(If you want to get the price of specific steel products, such as Astm A792 Galvalume Manufacturers, you can contact us for quotation at any time)

https://www.zzsteelgroup.com/g550-galvalume-aluzinc-coated-steel-coil-2-product/
Social finance data in August showed strong performance, the economic recovery is stable and improving, and policies are bullish for steel prices. From the cost side, the current substantive production reduction of steel mills has not occurred, hot metal production continues to remain high, steel prices continue to be strong, coupled with low steel production + low inventory, the fundamental contradiction is not outstanding for the time being, and steel prices are expected to rise steadily tomorrow. The range is 10-30 yuan.


Post time: Sep-13-2023

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