September 16-Latest Wire Rod Offer

Yesterday, the ex-factory settlement price of some steel plants in Changli and Qian’an was lowered by 30 from 3,390, and the transaction price of traders including tax was 3,450. Today’s steel market is weakly adjusted. The overall transaction of steel billets is average, and the prices of downstream finished products are weakening. Tangshan steel billet is generally directly issued. The mainstream warehousing spot in early trading is reported at 3430-3440. Partial transactions are driven by futures steel. Closed higher, some transactions were made at low prices. Downstream finished product prices weakened and adjusted. After the drop, the overall transaction improved, and the billet remained cautiously stable in the early afternoon.

September 14-Latest Wire Rod Offer

Yesterday, the ex-factory settlement price of some steel plants in Changli and Qian’an was raised by 10 to 3430, and the transaction price of traders including tax was 3500-3510. Today’s steel market is weakly adjusted, the overall transaction of billets is weak, and the prices of downstream finished products are stable and down. Tangshan steel billets are directly issued. The mainstream warehousing stocks are reported to be 3490-3500 including tax. Later, the overall transaction was weak, and the billet was revised down 10-20 in the early afternoon.

September 13-Latest Wire Rod Offer

Yesterday, the ex-factory settlement price of some steel plants in Changli was raised by 20 to 3420, and 3420 in Qian’an. Traders’ transaction price including tax was about 3,500. In this morning, some steel billets in Changli raised 10 to 3430. After the rise, billet transactions were average, and the prices of downstream finished products remained stable. Tangshan billets were sold directly, and the warehouse spot was reported to be about 3510 and tax-included. Deal with caution. The overall transaction of downstream finished products is weak.

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