On the 27th, the national billet market rose steadily. Price in Tangshan increased by 20 yuan per ton, Shanxi increased by 10 yuan per ton, Jiangsu increased by 20-40 yuan per ton, Shandong stabilized. In early trading today, peice in Changli area increased 20 yuan per ton to 3860 yuan per ton, the overall turnover of billet was general, and the price of downstream finished products was stable and upward.

 

At present, the cost of steel billet continues to rise, and the apparent profit of steel billet is below the cost line, which has strong support for the price. On the contrary, with the natural gas price falling down, the profit of steel rolling production and marketing increases, and the mentality of downstream obviously improved. Under the condition of low billet supply and positive attitude of the downstream, the billet storage inventory has a continuous decline. In the short term, billet prices will continue to remain strong.

 

As of 17:00 on January 27, the national average price of HRB400 20mm rebar was 4354 yuan per ton, up 4 yuan per ton; the national average price of 8.0 high-speed wire HPB300 was 4488 yuan per ton, up 3 yuan per ton; the national average price of 1.0 mm cold rolled coil was 5387 yuan per ton, up 5 yuan per.

 

Translated by editor