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The Price Trend Of Construction Steel

Construction steel: On April 8, the average price of 20mm three-level seismic rebar steel in 31 major cities in China was RMB5123 / ton, down by RMB5 / ton compared with the previous trading day. This week, the domestic construction of steel production rose slightly, while steel mills and market inventories continue to digest, construction of steel apparent consumption climbed slightly, indicating that the downstream peak season with steel demand continues to release. In general, on the one hand, the current construction steel market is still in the peak season destocking stage, forming a support to the spot price; On the other hand, the recent price rise too fast, high market resources need time to digest, is expected to short-term domestic construction steel prices or high consolidation operation.

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