Industry News

Weekly Review of the National Cold Rolling Market: Fundamental support still exists, and short-term prices are still running

Demand in the steel structure industry dropped slightly and inventory pressure increased. With the gradual recovery of my country's economy in the second quarter, the construction machinery industry is picking up day by day, and the overall performance of the home appliance industry is outstanding. It is expected that demand will increase steadily, driving the tightening of the raw material market. Affected by the low season of consumption, demand in the automotive industry is weak, and inventory pressure continues. On the raw material side, the demand for strip, section steel, and medium plate has weakened, and the demand for industrial bars and cold plating is improving.

The national cold-rolled spot prices showed a broad upward trend, and the overall center of gravity moved upward. From a fundamental perspective, cold-rolled production continued to increase slightly on a week-on-week basis, with a slight drop in factory inventory and significant decline in social inventory. On the emotional side, with the recent sharp increase in cold-rolled prices, merchants’ fear of high in circulation has become more and more obvious. Steel mills have high ordering costs, new orders are lower than the previous period, and local regional specifications are out of stock. Looking at the North-South spread, the North-South spread gradually The price in the north is even higher than that in the south, and resources in the south are hindered, and the demand in the north is acceptable; the cold-rolled supply side has continued to increase production recently, and it is still low compared to the same period last year.

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