The main factor for the rise in the prices of finished products this time comes from cost. On the morning of the 2nd, Tangshan billet quoted at 3020, which was 20% higher than yesterday. It again rose in the afternoon, reported at 3040, a cumulative increase of 40, and the billet prices continued to rise, making the manufacturers' mentality. Some mitigation, coupled with the tight supply side of some raw material markets, manufacturers are actively following up.

In terms of market, due to entering March, the traditional peak season of the industry is also coming. Although the start of demand has been delayed due to the impact of public health time, but in March, downstream companies are gradually returning to work, and demand should improve. It has improved, but because of the accumulation of steel stocks in the early stage, traders still wait and see until downstream demand is fully activated. Most of the transactions are based on replenishment, and they accept poorly high-priced resources. More.

In summary, SunSirs analysts believe that because downstream companies in the industry have begun to resume work, the good demand trend of steel in the medium and long term has suspended the pessimism in the market, coupled with the slight increase in billet on the 2nd. However, there is still a period of excessive transition from the start of downstream construction to the need for full start-up. It is predicted that short-term I-beam prices will fluctuate and stabilize.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.