British Standard H-shaped Steel

The downstream demand for H-shaped steel has not improved significantly, and the rebound foundation is not solid; However, overall, it has brought significant confidence boost to the spot market. The market is generally pessimistic about future market expectations; The South China market, on the other hand, has seen a slight increase in the snail market on Thursday, and the related hot rolling resources in the region have steadily increased. In addition, the purchasing power of downstream end users has also recovered, and the shipment situation of merchants is still acceptable. After the holiday, Liugang has slightly increased by 10 yuan, but whether the prices have truly stabilized remains a concern for merchants, who are cautious and watching the future market.

The leading market in North China, Tianjin, continues to maintain stability. Although some H-beam specifications are still in short supply, the quotation is still high, and some merchants with limited goods are showing signs of rising prices. Taking into account the limited impact of favorable policies in the current real estate market on cold rolling and the confusion among merchants, it is expected that cold rolling prices will continue to fluctuate in a narrow range next week.

Due to the cumulative increase of 40 yuan/ton in Tangshan steel billets during the holiday, and not many steel mills receiving goods during the holiday, the inventory pressure in the H-beam market is still acceptable. Merchants are cautious and optimistic, and some have plans to explore the increase. However, there is no batch replenishment operation downstream. Although the market's shipment situation has increased compared to before the holiday, procurement does not accept high priced resources, and there is a lack of motivation for resource upward movement.

As the middle of the year approaches, the pressure on funds is gradually increasing, and there is an increase in low selling in the market. For next week's trend, it is considered that as steel mills continue to shut down for maintenance, the pressure on resource supply will decrease in the later stage. However, given that the downstream industry is still in a weak state and the overall demand is difficult to improve, merchants' confidence in the future market is still insufficient, and maintaining shipping operations is still the mainstream. It is expected that the hot coil will mainly consolidate in a narrow range next week, with some still weakening, with a range of within 30 yuan/ton.