Steel Prices Fluctuated Slightly On January 10

On January 10, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 4,816 yuan/ton, down 2 yuan/ton from the previous trading day. The third round of increase in coking coal and coke has been implemented successively, supporting the gradual increase in the current price of coal in the future. At the same time, steel mills are also gradually speeding up bidding. Steel mills have a strong desire to replenish inventories. support. However, due to the weak performance of actual terminal demand and the lack of willingness of most steel companies to trade in winter, the price lacks upward momentum. Therefore, it is expected that the market price of hot-rolled coil on the 11th may consolidate.