Today, hot rolled coil market in Jinan continues to rise.
The current market price of TISCO 2.0mm*1250*C hot coil is 4400 yuan, the market price of TISCO 2.5mm*1250*C hot coil is 4260 yuan, and the market price of TISCO 2.75mm*1250*C hot coil is 4180 yuan. Yuan, Jinan Iron & Steel's 3.0mm*1250*C hot coil market price is 4120 yuan, Jinan Steel 3.5-5.5mm*1250*C hot coil market price is 4070 yuan, Tangshan Iron and Steel, Handan Iron and Steel, Baosteel 5.5mm* The market price of 1250*C hot coils was 4,020 yuan, both up by 20-40 yuan/ton from yesterday's prices.
Last week's Laigang HRC increased by RMB 200/t, which has played a direct role in the local market's HRC price. Although Jinan Iron & Steel has not yet adjusted its prices, businesses have said that the price of Jinan Steel will increase sooner or later. The major steel mills still have large export of resources, and the supply of resources to the domestic market is still insufficient. Although Baosteel’s price for hot-rolled coils was lowered in the fourth quarter, it only recognized the previous market. Some major steel mills are planning to increase their factory prices in September. A few dealers received notifications from the head office and raised the quotation. The sellers did not sell the goods and the market price continued to be a foregone conclusion.