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SunSirs: Handan plate market prices goes the downward
February 06 2020 16:59:21SunSirs(Molly)

In terms of market, on February 3, Handan’s mild steel plate price fell weakly. According to the understanding of the situation, due to the epidemic situation, most traders have delayed the resumption of work until February 9th-10th. Only some merchants have started quoting online. The market price has fallen by more than 100 yuan/ton compared with the pre-holiday width. However, downstream demand has stagnated. And the transportation in various places was severely blocked, the overall transaction performance was bleak, and the price was not obvious. In addition, due to the impact of the opening and closing limit of the steel, spot confidence continued to decline, and low levels frequently occurred during the session. For steel mills, Puyang Steel have only one line is in production, with a daily output of about 8,000 tons, and steel mills have accumulated inventory. In the short term, the market is dominated by negative factors, and prices may continue to be in a downward path. It is expected that the market price of Handan mild steel plate will be weak in the short term.

Product

Region

Specification ( mm )

Mill

Price (yuan/ton)

Mild Steel Plate

Handan

14-25mm

Shanghan Steel

3550

Mild Steel Plate

Handan

14-25mm

Puyang, Jigang

3550

 

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