Domestic S355J2 steel prices drop slightly

According to the latest market report provided by domestic iron and steel information institutions, the domestic spot S355J2 steel price composite index closed at 162.11 points last week, falling 0.76% in a week. Recently, the relevant futures market plunged sharply, and the market mentality began to turn weak. Spot S355J2 steel prices began to decline as a whole, but the trend of varieties was slightly differentiated. The overall turnover of S355J2 steel market was relatively weak, but turnover was slightly picked up by the end of the week.

In the S355J2 steel plate market, prices generally fell. The price of hot-rolled S355J2 steel coil has fallen considerably. The average price of hot-rolled S355J2 steel products of mainstream specifications in the main markets of China is 4154 yuan per ton, and 84 yuan per week. Medium and heavy S355J2 steel plate prices fell slightly. The average price of medium S355J2 steel plate in the mainstream specifications of major markets in China was 4,335 yuan per ton, down 38 yuan per week. Although the fundamentals of the S355J2 steel market are not very prominent, the pessimism of the market has increased.

According to the analysis of relevant institutions, in November, comprehensive atmospheric control will be promoted in autumn and winter, the start-up rate of blast furnaces in S355J2 steel mills will decrease, and the stock of society and steel mills will remain low. At the same time, the mentality of most businesses is still more cautious. In the short run, the S355J2 steel market will mainly operate with weak shocks.