📈 Black Futures Rise, Billet Up by 10, Local Steel Prices Rebound 📉

📊 Steel Spot and Futures Price Summary 📈

On July 1st, the domestic steel market saw mixed price movements. Tangshan's square billet resources were adjusted up by 10 RMB, with the ex-factory tax included at 3310 RMB/ton. Black futures showed a strong fluctuation, with merchants in a relatively positive mindset, and the market transactions warmed up.

🔑 Key Points:

• Main contract of rebar futures closed at 3562, up by 0.71% from the previous trading day.
• 6 steel mills raised the ex-factory price of construction steel by 10-30 RMB/ton; Shagang and 2 other steel mills reduced the ex-factory price of construction steel in early July by 100 RMB/ton.

📅 Daily Price Quotes for Steel Grades 📊

Rebar:

On July 1st, the national average price of construction steel was 3629 RMB/ton, up by 3 RMB/ton from the previous trading day. The market is expected to continue to be strong and fluctuate.

Hot Rolled Coil:

The national average price for 4.75mm hot rolled coil was 3732 RMB/ton, up by 5 RMB/ton from the previous trading day. It is expected to remain stable.

Cold Rolled Coil:

The national average price for cold rolled coil was 4214 RMB/ton, down by 4 RMB/ton from the previous trading day. It is expected to continue to be weak and fluctuate.

Middle and Thick Plate:

The national average price for 20mm universal plate was 3766 RMB/ton, down by 2 RMB/ton from the previous trading day. It is expected to remain stable.

💼 Raw Material Daily Price Quotes 📉

Iron Ore:

On July 1st, the prices of mainstream imported iron ore varieties at Shandong ports were slightly higher, with an increase of 10-15 RMB.

Coke:

On July 1st, the price of coking coal from the main producing areas was slightly weak, but the overall supply of raw materials has a certain room for growth.

Scrap Steel:

On July 1st, the national average price for scrap steel was 2387 RMB/ton, up by 1 RMB/ton from the previous working day.

🔮 Steel Market Price Forecast 📊

In summary, the demand in manufacturing and construction industries was insufficient in June, and the steel demand in the off-season was weak. In the short term, the steel market is expected to show a weak balance pattern, with steel prices fluctuating within a narrow range.

Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

• Website: www.metal-ae.com
• Email: ae@americenergy.com
• Phone: 13521210668
• whatsapp: 13521210668
• Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China