Rolled coils will remain weak in short time

Source:2020-3-24

        On March 23, the average price of 4.75mm hot rolled coil in 24 major cities across the country was 3,492 yuan / ton, down 29 yuan / ton from the previous trading day. Today, the black commodity futures market continued to fluctuate low after opening lower and diving, closing down 3.67%. In the spot market, the quotations of merchants fell in the early morning. The quotation was not high and the transactions were weak. The price was affected by the weakness in the afternoon. The quotation was slightly reduced. the profit of steel mills is still 100-200 yuan / ton. Due to the impact of international epidemics, the extent of foreign terminal shutdowns. On the whole, short-term internal hot-rolled coils will remain weak.
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