The rise and fall of steel prices has always been the focus of attention. If steel prices continue to rise, the cost of commercial housing construction will increase, and so will the cost of building houses in rural areas. Recently, steel prices have shown a trend of skyrocketing and plunging. Will the price of 202 1 steel plummet? We will introduce the latest market trend analysis of 202 1 steel price. Let's take a look!

Will the price of 202 1 steel plummet?

202 1 steel prices are unlikely to plummet. However, since the end of May, steel prices have risen and fallen sharply, mainly because:

1. Reason 1

It is this demand that reflects the rational callback after the previous crazy surge, and also releases the panic in the market to some extent. However, the steel market will eventually return to reasonable demand, whether it is inflation caused by the sharp depreciation of the US dollar or the suspension of production and production in the context of domestic carbon neutrality.

2. Reason 2

When the rainy season comes in the south in June, the steel market will enter the off-season and the demand will gradually decrease.

On the whole, in the second half of 20021,there is still room for the steel market to fall in the later period, continuing its weakness.

Analysis of the Latest Market Trend of 202 1 Steel Price

For May, the fundamentals of steel supply and demand will enter a stable state. On the supply side, China crude steel output maintained a growth trend in the first quarter. Although April was affected by environmental protection and limited production, steel mills were strongly motivated by high profits, and crude steel output is expected to increase year-on-year. Under the background of carbon dioxide emission peaking and carbon neutrality, with the introduction of export tax policies related to the steel industry, the supporting policies for emission reduction and production reduction in the market are coming to an end. It is expected that steel production will continue to increase, but the growth slope will continue to slow down. The latest ex-factory price of steel is summarized as follows:

1. Hegang steel price

(1. 1) The pickling coil is increased by 680 yuan/ton.

(1.2) 550 yuan/ton is increased for hot rolled coil.

(1.3) cold rolled coil is increased by 550 yuan/ton.

The above adjustments are all prices including tax, and the implementation date is from June 20021year to June 30, 20021year.

2. Steel prices of steel structures in Jorgen

2021May 19, Guangxi Jorgen Iron and Steel Group Co., Ltd. adjusted the ex-factory price. The specific adjustments are as follows:

(2. 1) Thread reduction 120 yuan/ton, and the ex-factory execution price of Ф18-25mm HRB400e is 5560 yuan/ton.

(2.2) snail is lowered 120 yuan/ton, and the ex-factory execution price of Ф 8-10mm HRB400e is 5940 yuan/ton.

(2.3) The high-speed wire rod is lowered by 120 yuan/ton, and the ex-factory execution price of Ф 8-ф8- 10 mmhpb 300 is 5940 yuan/ton.

3. Jiyuan Steel Steel Price

On May 19, Henan Jiyuan Iron and Steel (Group) Co., Ltd. adjusted the ex-factory price of construction steel, as follows:

(3.2) Bar series: the price of round steel and rebar is lowered by 50 yuan/ton, and the listing price of HRB400EΦ 20mm rebar is 5900 yuan/ton;

(3.2) The price of high-speed wire rod is lowered by 50 yuan/ton, and now the listing price of 6.5mm high-speed wire rod is 5900 yuan/ton;

(3.3) The snail price is lowered by 50 yuan/ton, and the listing price of HRB 400φ8mm snail is 6070 yuan/ton.

To sum up, steel prices have declined recently, but they will not plummet.

Will the price of 202 1 steel plummet? The above is the latest market trend analysis of 202 1 steel price we introduced. Can be used as a reference. Different regions, different brands and different models of building steel prices are different, subject to the local building materials market quotation. More steel knowledge can continue to pay attention here.