Steel NewsThe following is the latest information on steel:
** 1. Price **
1. ** November 21st steel price trend **
- The national steel prices were stable and strong on November 21. The price of building materials rose steadily, and the price of building materials nationwide rose by 10 - 20; the price of hot-rolled coil rose by 10 - 30; the price of cold-rolled coil rose steadily by 10 - 20; the price of plate rose by 10 - 20; the price of hot-rolled strip rose steadily by 10; the price of large and medium-sized materials rose slightly by 10 - 20; and the price of welding pipe rose by 30.
- On November 21, the main shock of the snail was strong, closing price 3332 rose 0.51%. Three steel factories raised the ex-factory price of construction steel by 20 - 30 yuan/ton, but Shagang and Yonggang lowered the ex-factory price of building materials in late November. The average price of 20mm Grade 3 earthquake-resistant deformed steel in 31 major cities nationwide is 3460 yuan/ton.(Same as the previous trading day); the average price of 4.75mm hot rolled coil in 24 major cities in the country was 3555 yuan/ton (up 8 yuan/ton from the previous trading day); the average price of 1.0mm cold coil in 24 major cities in the country was 4184 yuan/ton (up 3 yuan/ton from the previous trading day); the average price of 20mm ordinary plate in 24 major cities in the country was 3612 yuan/ton (same as the previous trading day).
2. ** Price forecast for November 22nd and some price situations **
- On November 21, due to the macro boost in market confidence and the support of raw materials, it is expected that steel prices will be strong on November 22 (overall situation). Among them, building materials are expected to operate strongly; hot-rolled coil is expected to be adjusted mainly due to shocks; cold-rolled prices are expected to operate in a narrow range; and plate is expected to fall slightly.
- On November 22, the purchase price of scrap steel in Shanxi Meijin Iron and Steel was increased by 20%. For example, the steel bar particles were 2480, and the special grade of 20 thick and above was 2450 (excluding tax).
- On November 22nd, the market price of iron scraps and scrap iron continued to show a stable trend, with differences in prices everywhere. For example, Zhenjiang steel shavings in Jiangsu Province cost 2930 yuan per ton (cash settlement), and ordinary iron filings in Jiangsu Province cost 2840 yuan per ton (cash price).
** 2. Market supply and demand and related factors **
1. ** Storage Status **
- This week (the week of November 21), the production of deformed steel decreased slightly, the total inventory was flat, and the apparent demand increased slightly.
- Mysteel monitored 29 cities. This week, the social inventory of cold-rolled coil was 1,846,900 tons, a decrease of 30,000 tons on a week-on-week basis and a decrease of 204,500 tons on a month-on-month basis.
2. ** Market demand and mentality **
- On November 21st, the market performance was average, and the downstream purchasing enthusiasm was not high.
- It was in the off-season, and the market was not very active. With the gradual increase in the maintenance and production control of some steel plants, raw material prices and terminal demand were still expected to fall, and the market mentality was cautious.
- The downstream demand margin slowed down and the pressure increased. Speculative demand gradually weakened, and resource transactions were relatively slow. The inventory level was relatively low. The arrival of resources in some regional markets was slow, and the shortage of specifications was obvious.
3. ** Condition of raw fuel **
- On November 21, the price of mainstream iron ore imported from Shandong port rose slightly compared with the previous working day, with a cumulative increase of 3 - 5. The average price of scrap steel in 45 major markets across the country was 2189 yuan/ton, up 4 yuan/ton from the previous working day. On November 21, the coke market price temporarily stabilized. The overall price of raw coal continued to decline, and the supply was still loose. There was limited room for further decline, and some coal types showed a slight increase.
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The latest newsMaoni's latest news was that his latest work," The Great Path Toward Heaven ", had been completed. This was his last full-length novel. The work ended on August 21, 2020, with a total of 2.99 million words. Maoni was a very influential author in the online literature world. His works," The Selection of the Heavens,"" The Night," and " Joy of Life " had been adapted into movies and television dramas, and had caused widespread discussion. In addition, Maoni also said that he wanted to shoot a movie in the future and planned to write some ruthless non-pure commercial novels. To be specific, his work " Spies " would be adapted into a film and television work, and he would be involved in the entire process. All in all, Maoni was a well-known author. His works had achieved good results in literary creation and film and television.
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- There was a blizzard Luoyang City. The Henan Province weather forecast also predicted snowfall in Luoyang City and its surrounding areas.
- Many areas in Hebei Province will also welcome heavy snow to blizzard weather, including Baoding, Langfang and the south of the estimated snow depth of 3~15 cm, Cangzhou, Hengshui, Xingtai, Handan four regions of the eastern part of the estimated snow depth of 15~20 cm.
- Heavy snowfall had already occurred in northern Xinjiang. Altay, Tacheng, and other places had heavy snowstorms.
- The Central Meteorology Station predicted that from January 31 to February 5, there would be a large-scale continuous rain and snow freezing weather in the central and eastern regions of China. There would be blizzards or heavy blizzards in 10 provinces, with extreme snowfall in Henan, Shandong, Hubei and other places.
- Some parts of the province will experience moderate snow, heavy snow, and partial blizzards for four consecutive days.
In summary, the latest news of the blizzard included snowfall in Luoyang City, Hebei Province, Xinjiang, and the central and eastern regions.
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