Affected by the continuous decline in the prices of billet and small narrow strip in Tangshan Iron and Steel Co., Ltd. last week, the strip mills in Fangsheng area successively lowered their ex-factory prices on Saturday (18). After the price reduction, the transaction performance was average, and the manufacturer's quotation was temporarily stable today. In addition, the ex-factory price of strip steel in Tangshan area has also been lowered. The retail price of 355mm strip steel is 3320-3350 yuan, 50-80 yuan lower than the local price, which is relatively reasonable.
Today, the price of Tangshan small narrow-band market rose slightly, and futures and electronic disks also rose, but the increase was insufficient. At present, the overall trend of spot steel market is sluggish, and the strip steel market is subject to greater supply pressure, so it is difficult for the market price to continue to rise. It is about to enter the off-season of consumption, and the release speed of terminal demand will slow down. It is expected that the short-term local strip steel market price will still be dominated by shock consolidation.