Current trend of steel price
According to steel price monitoring in sinosteel, the average price of 20mm HRB400E rebar in 24 major domestic markets is 2556 yuan/ton, up 18 yuan/ton from the previous trading day. The average price of 20mm medium plate is 2705 yuan/ton, up by 8 yuan/ton compared with the previous trading day. The average price of 3.0mm hot coil is 2854 yuan/ton, up by 32 yuan/ton compared with the previous trading day. Steel prices rose sharply yesterday. Judging from the current market situation, the wind of environmental protection and limited production has the upper hand, the cost side continues to move up, the bottom of steel prices has been strongly supported, and black futures have risen strongly. Although the market inventory has increased, it is still at a low level. Overall, businesses are full of confidence, and it is expected that the steel market will maintain a rising trend in the near future. The average price of building materials has room for upward adjustment of about 20 yuan/ton.