The price of hot-rolled steel strip in Zhengzhou increased significantly this week

The price of hot-rolled steel strip in Zhengzhou increased significantly this week, and the transaction was fair. As of press time, 3.5*480-580mm hot-rolled steel strip resources, BBN steel quoted at 4340 yuan/ton including tax for delivery; Q235 carbon steel material 3.25-1010mm hot rolled coil resources, BBN steel quoted 4390 yuan/ton for delivery including tax. According to the survey data of my iron and steel network, the total amount of hot rolled steel social warehouses in Zhengzhou this week was 30,800 tons.

In terms of transactions, hot rolled strip steel prices rose this week, and transactions were fair. Through discussions, we learned that downstream demand is acceptable this week, and traders are actively replenishing goods. Hot coil and thread futures prices continue to rise this week, and the prices of raw materials such as iron ore and steel billets are still high. It is expected that there will not be much room for decline in the short term. In summary, the Zhengzhou strip steel market may run at a high level next week.