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Oct 30, 2020

Up To 350 Yuan! 20 Steel Mills Increase Building Materials Prices

The national billet market rose slightly on the 10th. Tangshan, Shanxi, and Shandong are all raised 10 yuan/ton, and Jiangsu is raised 20 yuan/ton. In the early trading today, the Changli area raised 10 yuan/ton to 3580 yuan/ton. The overall transaction of billets was average, and the downstream finished product prices rose steadily.


Judging from the current market situation, after the continued pull, downstream acceptance needs to be followed up, coupled with the gradual poor performance of futures, the weak market pattern is gradually approaching, it is expected that the billet market may show a slight decline in the market in the past two days.


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