What is the price trend of hot rolled steel in China

Hot rolled steel coil: on October 22, the average price of 4.75mm hot rolled steel coil in 24 major cities of China was 588 usd / ton, up 1.35 usd / ton compared with the previous trading day. Yesterday, the spot market mentality is more optimistic, and business quotation slightly pull up in the early morning. However, the demand is less than the previous day, high turnover is relatively weak, and hot rolled steel coil prices fell slightly in the afternoon in some cities. At present, it is difficult for the market demand to continue to release. The terminals are basically purchased on demand, and speculative demand is relatively cautious in taking goods. In terms of hot rolled steel inventory in the domestic market, it is still dominated by a small drop. Therefore, the market pressure is not big, and the short-term market price fluctuation space is limited. From today's point of view, hot rolled steel is expected to maintain a comprehensive price shock.

Hot rolled steel - medium and heavy plate: on October 22, the average price of 20 mm carbon steel plate in 24 major cities of China was 594 usd / ton, 0.15 usd / ton higher than that of the previous trading day. Yesterday, local governments also reported that the transaction volume was weak. But due to the generally high order cost, the market pricing was basically stable and wait-and-see. From yesterday's steel mill pricing point of view, the general rise in the range of 1.50-4.50 usd / ton, the cost fluctuation is not big. At present, the inventory decreases slightly, which is beneficial to circulation. On the whole, there is no risk of decline in the periodic market, and the medium and heavy plate price is expected to continue to fluctuate and tend to be strong.