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Steel price decrease on June 5,2024

   发布时间:2024/6/6

On June 5, the ex-factory price of Tangshan Qian'an general billet resources was reduced by 10 yuan, including tax, to 3,430 yuan/ton.

◎This week, the average tax-inclusive cost of billets in Tangshan's mainstream sample steel mills was 3,438 yuan/ton, a weekly decrease of 28 yuan/ton. Compared with the ex-factory price of general billets of 3,430 yuan/ton on June 5, the steel mills lost an average of 8 yuan/ton, turning from profit to loss.

◎Under the off-season effect, the overall demand in the commodity market is weak, and the pressure of supply and demand may increase. Considering the current macro-environment preference and the continuous implementation of favorable policies, it is expected that the commodity price index in June will not fall sharply, and may enter a range of fluctuations after a slight correction. 

◎As the Dragon Boat Festival approaches, downstream companies still have a certain demand for replenishment. It is expected that after the coke-steel game in the short term, the downstream replenishment will be completed. There is a certain risk of price reduction of coke around mid-June. In the later period, it is necessary to continue to pay attention to the production and maintenance of coke-steel companies, the resumption of coal mines, and the recovery of terminal demand. 

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