Steel Market Briefing on September 17th

Futures market (closing)

Threaded steel 2701:3122, 0.13%
Hot coil 2701:3317, 0.12%
Iron ore 2701:710.5,+0.28%
Coke 2701:2043.5, -0.63%
Coking coal 2701:1580.0, 1.65%
Spot reference

The overall domestic finished material market is experiencing narrow fluctuations, with most building materials prices remaining stable, and some hot coil prices slightly increasing by 10-20 yuan. The price of steel billets has slightly increased; Horizontal consolidation of port mineral prices and temporary stabilization of coke prices.

Transaction supply and demand

Today's overall spot trading performance is weak, with limited release of downstream terminal purchases. The actual demand during the peak season of Golden September still needs to be verified; Under the background of losses in steel mills, there is still an increase in maintenance, and the daily production of crude steel has temporarily declined; Social inventory continues to decrease slightly, but at a slow pace.