British standard H-shaped steel

It is understood that although the performance of the American standard H-beam market is acceptable, due to the continuous decline in finished material prices, the mentality of the steel billet market has fallen to a low point, and downstream procurement rhythm has been reduced, resulting in poor steel billet shipments. Later last week, with the rebound in national building materials transactions, there was a slight rebound in steel billet transactions.

Domestic silicon manganese consolidation operation, with a strong market wait-and-see atmosphere, and weak manganese ore prices, although there is still room for negotiation for some minerals; The ferrosilicon market slightly rose; In terms of special alloys, the transaction volume in the domestic molybdenum market is average, while the price of American standard H-beam steel is showing an upward trend, and there will be a slight increase in the future; The overall performance of the domestic vanadium series market is relatively calm, and prices continue to maintain a stable trend; The tungsten iron market is operating weakly and steadily, with weak downstream procurement inquiries and average overall market transactions.

The titanium iron market operates smoothly, with quotations from various manufacturers maintaining their previous levels, and overall transactions are light. The prices of steel billets in the Shandong market are still weak, and there is little fluctuation in steel mill quotations. Traders' quotations are also relatively firm, but transactions are still weak. Most merchants have a cautious outlook on the future market and their mentality has slightly improved.

Last week, the Northeast steel billet market significantly declined. Due to the extremely poor transaction of finished materials in the Northeast region last week, the inventory of steel billets in various steel mills rapidly increased, resulting in huge financial pressure. Steel mills have been reselling steel billets to reduce the inventory pressure of finished products, directly leading to a rapid surge in pre tight steel billet resources. In addition, the price of mineral powder raw materials continues to fluctuate, ultimately leading to a drop of over 100 yuan in steel billet prices within a few days. With the rapid decline in prices, there is a certain willingness to restock downstream. As of the end of last weekend, the Northeast steel billet market gradually improved, and the US standard H-beam prices have temporarily remained stable.

The overall market has a strong pessimistic atmosphere, with a prominent state of price and no market. The import ore market has suffered a heavy blow. Since the end of last week when the iron ore Proctor's index fell below $100, the decline in the spot market has intensified. The main iron ore contracts of Dashang have hit a new low, and the overall market has formed a "break" downward state. After the fall, the forward price of the import ore spot market has been actively traded below $100, and the enthusiasm for terminal procurement has increased. As the weekend approaches, the prices of major varieties have been rapidly pushed up to over $100, but due to the lack of positive factors to support, It is expected that the iron ore market will not have a clear upward trend, and it will still show weakness after a brief technical adjustment.