The Steel Market in May was Cautiously Pptimistic
In the past April, the domestic steel market shook up, trading conditions were good, traders’ mood was stable, and the steel market in May was cautiously optimistic.It is expected that the contradiction between supply and demand in the steel market in May is not prominent, although steel prices will be volatile, but the range is not large, there will be no sharp falls in the market.
Data show that in April, steel prices in the Chinese market generally shook up. From the specific varieties, the price of cold-drawn steel pipe rose by 30 yuan/ton, the price of hot-rolled steel pipe rose by 50 yuan/ton, and the price of alloy steel pipe rose by 100 yuan/ton; Steel bar, wire, spiral and other construction steel prices rose 200 yuan/ton. “It can be seen that the price increase of construction steel in April was significantly greater than the price increase of steel pipes
In the last week of April, hot-rolled steel pipe prices in the Chinese market were stable. Inflation and the expected resumption of steel production have pushed up the price of iron ore, driving up the futures price of round bar and hot-rolled steel pipe, which in turn has pushed up the spot price, and it is expected that the price of hot-rolled steel pipe will rise in the later period.In terms of cold-drawn steel pipe, in the last week of April, the supply of cold-drawn steel pipe in the Chinese market is loose, and the price of cold-drawn steel pipe is expected to be stable in the later period.
From the Labor Day before the cold, hot rolled steel pipe market trading conditions, many trade company generally feel that this period of market trading conditions have improved compared to the previous period, although the downstream end user procurement is still dominated by just need, but the purchase volume has increased, the demand intensity has increased slightly.
From the perspective of demand, the strength of steel demand in May is expected to increase, which will support the upward fluctuation of steel prices.The stable development of the real estate industry will still inject strong impetus into the “steel demand”At the same time, due to the increase in production and sales of downstream industries such as automobiles and home appliances, the terminal effective demand strength of cold and hot rolled steel pipe market will also increase.
