Thick steel plates will be weak in the short term

Source:3-5-2020

      On March 3, the domestic market price of thick steel plates was slightly stronger, and the average price of 20 mm ordinary steel plates nationwide was 3668 yuan / ton, 7 yuan / ton higher than the previous trading day. Among them, Beijing, Tianjin, Shijiazhuang and Wu'an increased by 40-50 yuan / ton, Nanjing and Zhengzhou by 10-20 yuan / ton, Chongqing, Chengdu and Xi'an by 10-20 yuan / ton, and other markets remained stable.  

      On the market side, the overall turnover of the market slowed down. In terms of resources, the mainstream market has arrived one after another, but due to the impact of health events, the North steel is slowly moving south, and the resources in transit are relatively increased. In terms of transaction, although the downstream terminal is back to work, it is still a period of time before the formal resumption of production, and the demand is limited. On the whole, the supply and demand are weak, the capital is tight, and the traders are still mainly selling in operation. It is expected that the domestic market price of medium and thick steel plates will be weak in the short term

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