Steel prices are too violent!
It is like riding on a rocket, soaring to the sky, easily refreshing the new high price since 2008. At the same time, steel futures and the steel sector also rose sharply. It can be said that this wave of rise has exceeded many peoples expectations, and some industry experts have also been surprised.
What are the reasons for the rise? Can there be any breakthroughs in the near future?
Wang Guoqing, director of the Lange Steel Research Center, said that todays futures and spot prices have risen sharply, and the continuation of the rise in billet and strip during the holiday season is also due to the recent increase in market optimism. In the short term, the market mentality is dominant, and the market has a further upward trend.
Steel futures prices have reached a new high. In terms of spot, the monitoring data of the Lange Steel Cloud Business Platform showed that on May 6, the average price of Grade 3 rebar (Φ25mm) in the ten major domestic cities reached 5401 yuan per ton, an increase of 192 yuan, and exceeded the 5400 yuan mark. It hit a new high since 2008, with a month-on-month increase of 6.3% and a year-on-year increase of 51.3%; the price of hot-rolled coils was 5,932 yuan, an increase of 182 yuan, a new high since 2008, with a month-on-month increase of 5.7% and a year-on-year increase of 74.2%. At the same time, the prices of cold-rolled coils, plates, and hot-rolled steel strips have generally risen by about 200 yuan, all setting new records since 2008.
The price of steel has risen sharply, and steel mills were a bit unexpected and adjusted their prices several times in one day. On the 6th, Jingye Group raised the ex-factory price of construction steel in Shijiazhuang area by 20 yuan, and then chased it up by 70 yuan, and then some steel prices chased up by 50 yuan; Xinji Aosen high line rose by 60 yuan, and then rose by 20 yuan in the afternoon; Shanxi Meijin Construction The ex-factory price of steel was raised by 50 yuan and chased up by 30 yuan in the afternoon. The ex-factory price of construction steel for steel plants such as Shanxi Jianlong and Shougang Changgang increased by 50 yuan; the ex-factory price of construction steel for Hegang Group increased by 70-80 yuan.
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