Construction steel: On December 8, the average price of 20mm Grade III anti-seismic deformed steel bars in 31 major cities nationwide was 3959 yuan/ton, up 2 yuan/ton from the previous trading day. Due to the completion of the temporary maintenance of the steel plant and the delivery of winter storage orders, the output of deformed steel bars rose slightly, the inventory continued to accumulate, and the apparent consumption declined slightly.
In the short term, due to the optimization and adjustment of the domestic epidemic prevention policy, the market’s expectation of the implementation of the stable growth policy in the near future has been strengthened, and the price of the raw material side also has some support for the cost; However, near the time node of winter storage, the short-term price rise is not conducive to winter storage.
With the approaching of the Spring Festival, downstream projects are gradually coming to an end, demand is gradually decreasing, and the superimposed inventory is gradually accumulating. Merchants are cautious about the future market as a whole. Therefore, it is expected that the price of domestic construction steel will continue to fluctuate in a narrow range on the 9th.
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