Hidden observation piles for bridges at observation points in Lincang will be shipped nationwide

Description :

　　Recently, the steel market has been fluctuating with ups and downs, and steel prices have fluctuated. On January 7th, in response to the trend of steel prices before the Spring Festival, a reporter from China Metallurgical News interviewed Li Xuri, the general manager of Zhang Xuan High tech Longxiang Development Company. Li Xuri stated that since the end of 2021, after a brief upward trend in the steel market, steel prices have continued to decline due to factors such as the increasing pressure on the real estate industry and the overall economic operation, with a significant drop of about 500 yuan/ton. At the end of last year, against the backdrop of the rebound in iron ore, coking coal, and coke prices, as steel inventories continued to decline and market confidence gradually recovered, the steel market experienced a slight rebound after hitting the bottom with weak fluctuations. Li Xuri believes that on the one hand, merchants still have a desire to stock up. Before the Spring Festival, the construction steel market was in the traditional off-season of demand. With businesses waiting for the opportunity for winter storage and policies to ensure supply and stable prices, the market speculation space was squeezed, and steel prices will continue to fluctuate.

　　Statistics show that in the first week of January this year, the comprehensive price of construction steel in China was 4818 yuan/ton, a decrease of 59 yuan/ton from the end of December 2021, and prices of various varieties have also decreased. In the early stage, the price of thermal coal greatly dragged down the price of steel, but now this phenomenon has improved, "said Li Xuri. On the one hand, the tight supply of coal in China has significantly eased, which is conducive to the release of resources such as coking coal and related varieties; On the other hand, the increase in imported coking coal has eased the market supply pressure. In addition, the "dual focus" market has fulfilled many negative expectations, and the room for correction is limited. In addition, as the situation of "power outages and restrictions" gradually eases, the supply pressure on the raw material side will further decrease. Li Xuri stated that although there has been a rebound in prices after a correction, it is inevitable that demand will continue to weaken before the Spring Festival, and the rise in raw material prices will be difficult to sustain the rise in steel prices. Therefore, the overall rise in steel prices is difficult to guarantee and will fluctuate in the short term. Overall, in the absence of demand support, it is difficult for steel prices to form a unilateral trend market. As the raw material side and market decline, there is a possibility of local weakness. In addition, the national monitoring data of construction steel trading volume shows that the current market trading continues the off-season trend. Specifically, the market sentiment has been generally cautious in recent times, with businesses purchasing according to their needs. The shortage of resources in some steel companies still needs to be alleviated; From a national perspective, the market trends in the north and south are differentiated, especially in some parts of East China where supply is still tight and some varieties and specifications are in short supply. In the short term, due to sustained production restrictions and concentrated maintenance by steel companies, the overall market supply will remain low. Li Xuri stated that considering the many uncertain factors facing the demand side in the first quarter of this year, steel prices will continue to fluctuate weakly in the short term with both upward pressure and downward support.

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