The price tendency of GB/T 1591 Q345B steel plates in June

BBN steel is asked a lot about the price tendency of GB/T 1591 Q345B steel plates recently. In order to support our clients, BBN steel would like to share the government policy and price policy of some large domestic mills.

The recent environmental rectification and intermediate frequency furnace cleaning have been gaining momentum. With the consent of the State Council, the inter ministerial meeting of the iron and steel industry to resolve excess capacity and poverty relief development is scheduled to be organized from May 22, 2018 to June 15th to organize 8 spot check groups to 21 provinces , districts and cities to carry out the iron and steel industry to defuse excess capacity and to prevent the "ground bar steel" to resurgence special items. At the same time, the first batch of central environmental protection inspectors "looked back" started in full swing, swept across the 10 provinces. Affected by above factors, the hot steel plates and coils especially GB/T 1591 Q345B steel plates etc. hot rolled steel plates almost increase about 200 RMB / ton in May.

Besides, from the inventory point of view, the June inventory of GB/T 1591 Q345B steel plates etc. hot rolled steel is 2 million 60 thousand and 600 tons, a decrease of 692 thousand and 400 tons compared with the same period last year.

The GB/T 1591 Q345B steel plates etc. steel plates enterprises mainly make price per ten days or per month. ln June, Baostee increase 100-150 RMB / ton for hot rolled steel plates, Q345B steel plates included. Wisco increase 150 RMB / ton for hot rolled steel plates, Anshan steel increase 200-220 RMB / ton for Q345B and so on hot rolled steel plates.