Today, steel prices across the country showed an overall downward trend. Specifically:
1. ** Building materials prices **: Building materials prices across the country generally fell, with declines ranging from 10 to 40 yuan/ton. The futures spiral is operating weakly, and the overall support of spot prices is insufficient. Although market demand has recovered to a certain extent, the sustainability and intensity of subsequent demand recovery still need to be verified.
2. ** Hot-rolled coil prices **: Hot-rolled prices across the country fell across the board, with a drop of between 10 and 30 yuan/ton. Steel mills continue to resume production, short-term terminal demand recovery is expected to be poor, the disk structure has undergone major changes, and the finished and raw materials have resonated down.
3. ** Cold rolled coil prices **: National cold rolled prices fell steadily, with a decline of 10-40 yuan/ton. Futures fluctuated and fell, national market prices fell slightly, and downstream transactions were average.
4. ** Chengdu Market **: Chengdu steel market prices are generally under pressure, with prices of various categories generally declining, with a single-day drop of up to 50 yuan/ton. Affected by the influx of low-cost resources from the north and the slow recovery of local demand, Chengdu’s wholesale steel prices have been under overall pressure.
Market analysis believes that the current steel market faces multiple challenges, including falling raw material prices, slow recovery of market demand, and pressure on the export environment. Steel prices are expected to continue to operate weak in the short term, but with the approaching of the domestic two sessions and the gradual release of market demand, steel prices are expected to stabilize and rebound in the short term.