Short-term 51CrV4 flat bar price fluctuations are limited

The price of 51CrV4 flat bar in China went up and down yesterday. Today, the black futures market oscillates and differentiates, the steel spot market is low-priced transactions, and the market mentality is generally stable. The black futures market has diverged, with iron ore falling nearly 2%.

In terms of steel mills, due to the current high procurement costs for raw materials such as iron ore and scrap steel, the production profits of steel mills have been compressed recently, and manufacturers are more willing to support price. In terms of inventory, steel mills and market inventories continue to digest, but they are still at a high level year-on-year. On the whole, the short-term steel mills have a strong supporting role on the production cost side, and the peak season demand is still expected to form a strong support for the spot price of 51CrV4 flat bar. At the same time, the production and inventory of 51CrV4 flat bar are still at a high level, which restricts the upward price.

Towards the end of the month, 51CrV4 flat bar market transactions were slightly cautious. Today's steel futures market fluctuates weakly, spot transactions are concentrated in low-priced resources, and individual merchants secretly drop shipments. Short-term 51CrV4 flat bar price fluctuations are limited.