Steel market on September 3rd

Futures market

Black series exhibits intraday differentiation and operation, with weak oscillation in threads and hot coils, and strong strengthening in nickel and stainless steel.

Main force of rebar: oscillating downward, under pressure on the market, the expected peak season of the Golden September is still in place, but the actual demand release is not as expected, and funds are cautious.
Hot coil main force: Following the weakening of the thread, the range fluctuates, and the upstream raw material coke coal and coke have significantly rebounded, while iron ore has slightly fallen.
Stainless steel main force: closed up 0.44% -0.55%, driven by external nickel prices, rumors of production cuts in Indonesia disturbed market sentiment, and spot prices followed suit with limited gains from Sina Finance.
Raw materials: Coking coal and coke have experienced the highest decline, while iron ore has slightly declined. Some steel mills have accepted the fourth round of increase in coke prices, and there is still support on the cost side.
Spot reference

The market quotation has slightly loosened, and the prices of building materials in mainstream areas have been adjusted weakly. The price of steel billets has been reduced by 10 yuan to 3110 yuan/ton.The mainstream transaction price for thread is around 3090 yuan/ton, and the price for hot coil is around 3390 yuan/ton. Stainless steel spot prices remain stable, and the rise in the market has driven some merchants to explore price increases, but downstream procurement follow-up is limited