European standard H-shaped steel

In terms of leading cities, the overall market prices in Beijing and Shanghai have dropped by 10 to 30 yuan, while prices in Tianjin are mainly stable; The market prices in Guangzhou, Hangzhou, Chengdu, and Xi'an have dropped by 10 to 30 yuan, while the prices in other key cities have temporarily stabilized. Yesterday, the transaction situation in various regions remained relatively weak, with factors such as busy farming, rain, and high temperatures limiting the construction of most construction sites, thereby affecting market demand. Steel closed slightly higher in the afternoon today, and steel billet prices remained stable.

Entering the summer, the supply-demand contradiction in the European standard H-beam market tends to be balanced. Both production and trading enterprises need to shift their thinking outward in order to maintain growth. However, the trade barriers established by the European and American sides are also important factors hindering enterprises from breaking through. In the short term, the spot prices of domestic building materials are still mainly weak.

At present, the existing resources of merchants are mainly based on the remaining inventory from the previous month, and the new resources available in the European standard H-beam market are limited. Under the relatively stable inventory level, the mentality of European H-beam steel merchants has not fluctuated significantly. In addition, the recent stable operation of surrounding markets such as Handan market has further exacerbated the stable wait-and-see mentality of merchants.

Downstream demand is still sluggish, but this is definitely not an exception. It should be said that the current nationwide demand slump has become a common problem. Although merchants have reported poor shipments at this stage, there are still a few sellers selling at a loss. As European standard H-beam resources gradually supplement the market in the later stage, there may be a possibility of price reduction in the face of increasing sales pressure.