Today's black futures fluctuated and adjusted. Iron ore 01 contract fell 1.59%, coke rose 0.72%, thread fell 0.83%, and hot coil 10 contract fell 0.12%.
The spot steel prices of many varieties have been lowered, the ex-factory prices of Tangshan billets have been stable, and the prices of Tangshan section steel have dropped by 20-50 yuan/ton. Hot coil prices in Shanghai and Hangzhou rose by RMB 20/ton. The prices of mainstream building materials markets in Beijing and Shanghai have steadily dropped by RMB 20/ton.
The spot price of iron ore ports has steadily decreased slightly, and the transaction has been poor; the coke market has been operating strongly, a few steel companies have implemented price increases, and the increase in coke prices has spread.
In July, the output of crude steel and pig iron decreased significantly year-on-year, the economic data fell, the mentality of the merchants weakened, they were cautious in obtaining goods, and the overall transaction was average. The steel market is expected to fluctuate within a narrow range tomorrow.
