Steel Pipe prices continue to rise

Steel Pipe prices continue to rise

Domestic steel market generally rose, billet factory price rose 30 to 4830 yuan/ton. Black futures rose across the board today, market sentiment has been boosted, but affected by the epidemic, the market transaction varies in temperature, overall demand performance is acceptable.

Domestic 18 steel mills increased the construction steel factory price 20-70 yuan/ton.

The average price of 20mm three-level seismic rebar in 31 major cities was 5042 yuan/ton, up 52 yuan/ton compared with the last trading day. In the short term, on the one hand, due to the recent impact of cost, some domestic electric furnace factories have spontaneous production reduction, such as Guangdong and Guangxi, there is a reduction in supply; On the other hand, the epidemic situation is gradually alleviating, the weather in east China and south China is gradually improving, demand is expected to recover, and the overall supply and demand fundamentals have improved. Overall, it is expected that today's domestic construction steel prices or will continue to be strong operation.