Steel market on August 26th

Futures market (closing)

Main force of rebar: 3071 yuan/ton,+6, up 0.20%, range 3057-3080bytedance
Hot coil main force: 3348 yuan/ton, -2, down 0.06%, range 3327-3351
Raw material side: narrow amplitude oscillation of iron ore; The coke market has fallen slightly, and the second round of spot price increases is still ongoing, with cost support remaining
Spot reference (mainstream market, excluding Suqian)

HRB400E threaded steel mainstream: 3070-3095 yuan/ton
Q235B hot coil mainstream: 3350-3375 yuan/ton
Steel billet: 3070 yuan/ton, stable price operation
Transaction supply and demand

The futures market fluctuated and differentiated, while spot market quotes remained stable with slight fluctuations in some areas. The high temperature continues, downstream terminal production is limited, actual procurement release is weak, overall transaction performance is average, and the market is mostly wait-and-see. The willingness of steel mills to raise prices still exists, and social inventory remains at a low level.