Stuck in a dilemma, steel market prices will fluctuate and adjust

In the 16th week of 2021 (4.12-4.16), the national comprehensive steel price index reached 201.4 points, a decrease of 0.30% from the previous week and an increase of 48.66% from the same period last year. Among them, the LGMI stripe price index was 208.2 points, a decrease of 0.05% from last week, and an increase of 41.32% from the same period last year; the LGMI bar price index was 212.9 points, a decrease of 0.34% from last week, and an increase of 50.10% from the same period last year; LGMI plate prices index was 193.6 points, a decrease of 0.56% from last week, and an increase of 57.26% from the same period last year; LGMI pipe price index was 204.2 points, a decrease of 0.02% from last week, and an increase of 40.82% from the same period last year.

According to data, in the 16th week of 2021, the price changes of 17 categories and 43 specifications (variety) of steel raw materials and steel products in some regions of China are as follows: The market price of major steel products fluctuated and adjusted, and compared with last week, the rising varieties decreased sharply, the flat varieties increased slightly, and the declining varieties increased significantly.

In the first quarter, the domestic economy strengthened steadily, industrial production demand expanded, asset investment steadily recovered, the manufacturing industry grew well, the real estate industry maintained resilience, and infrastructure investment rebounded slightly.

At present, the domestic steel market has entered a high-level adjustment stage. From the perspective of supply, although environmental inspections are spreading again, it is still difficult for the supply side to shrink, especially the rebound of steel mill profits, which will further stimulate the release of production.

From the demand side, the demand in the traditional peak season still exists, but the high steel price limits the large-scale release of demand, and downstream steel companies are forced to purchase on demand. In the short term, the domestic steel market will be caught in a dilemma, and market prices will maintain a high level of adjustment.