Recently, steel prices have risen strongly. As of April 6th, the ex-factory price of plain billet in the Tangshan area has exceeded 5,000 yuan/ton. In an interview with a reporter from China Economic Times, industry insiders said that this was mainly due to the short-term failure of the supply to increase significantly, and the continued positive trend in demand. Caused by. In the short term, the steel market price will continue to be bullish, but we must also be wary of the early speculative demand to cash out the market and increase the risk of chasing the rise.
"It\'s crazy! The price of billet in Tangshan continued to rise sharply. On April 2, it rose by 140 yuan a day. The highest quotation has exceeded the 5,000 yuan mark and hit a new record high. The strange phenomenon of billet prices and steel prices upside down appears. It is surprising. Yes, due to strong market demand and very tight resources, many strip processing companies have been forced to suspend production.” Recently, the relevant person in charge of the Lange Steel Research Center told a reporter from China Economic Times. In fact, in terms of the single-day price increase of steel, this is not the highest.
According to the monitoring data of the Lange Steel Cloud Business Platform, the price of billet in Tangshan has set a record since the international financial crisis, setting a record high in 13 years. After the Spring Festival, billet prices rose sharply, with a cumulative increase of about 1,100 yuan, an amazing increase. Affected by the increase in the price of steel billets, on April 2, many steel processing companies raised their ex-factory steel prices, which were basically between 20-150 yuan.
Steel prices continue to rise. On April 6, the price of plain billet in Qian\'an and Changli areas increased by 20 yuan, and the factory was executed at 5,040 yuan including tax. In the steel spot market, steel prices in 61 cities tracked by the institution on the same day also rose across the board, and market confidence was high.
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