Wuhan Iron and Steel Downgrades Product Prices in June

Today, the steel giant Wuhan Iron and Steel Co., Ltd. has also issued a policy for booking steel products in June. Based on the base price in May, the price of most products will be lowered.

Among them, the factory price of hot-rolled products is reduced by 180 yuan/ton, and the current SPHC 3.0mm*1250*C hot coil ex-factory price is 3780 yuan/ton, and the ex-factory price of Q235 5.5mm*1500*C hot coil is 3710 yuan/ton.

Rolled plate prices remain unchanged. The ex-factory price of Q235 14-20mm middle plate is now 3800 yuan/ton, and the ex-factory price of Q345 14-20mm low-alloy plate is 3910 yuan/ton.

Pickling steel factory price reduced 100 yuan / ton. The current SPHC 3.0mm*1250 hot-rolled pickled coils is priced at 4,200 yuan/ton.

Among the cold coil products, excellent carbon and deep-drawn high-strength steel are reduced by RMB 100/ton, and other varieties are lowered by RMB 150/ton. The current SPCC 1.0mm*1250*C cold coil ex-factory price is 4270 yuan/ton.

Hot-dip galvanized prices remain unchanged. Is the second cold rolled DX51D + Z 1.0mm * 1250 * C galvanized coil ex-factory price of 4870 yuan / ton.

The price of tin plating is reduced by RMB 200/ton, and the current price of MR 0.24mm plating tin is RMB 5,950/ton.

The factory price of color coating is reduced by RMB 200/ton, and the current price of TDC51D+Z 0.5mm color coating is RMB 5,830/ton.

The price of electrogalvanized zinc is reduced by 100 yuan/ton, and the current price of SECC 1.0mm electro-galvanized coil is 5,070 yuan/ton.

In the non-oriented silicon steel, the low grade of the silicon steel division's products was reduced by RMB 150/tonne, and the medium and high grades remained unchanged.

The factory price of oriented silicon steel remains unchanged.

Regarding the bidding policy for steel mills in June, my MRI Research Center Wang Jun believes that although urbanization construction, railway investment recovery, and substantial increase in real estate supply have formed a positive effect on the subsequent steel consumption, the current situation In view of the fact that steel mills' production cuts have increased, their efforts have been less than expected. The operating rate of blast furnaces and crude steel production have continued to climb, and supply pressure remains high in the short term.

“The weakness of the steel market has been transmitted to the raw material market, iron ore, coal coke and other accelerated decline, cost support continues to weaken, the steel spot market is expected to remain in a downtrend in the short term.” Wang Hao pointed out that the ex-factory price is still expected in June The trend of differentiation will be maintained, and different steel mills will adopt different strategies: For steel mills such as Baosteel and Wuhan Iron and Steel Group that have relatively firmer or lesser downgrades in the earlier period, due to the relatively large range of upside down, there is a large downward adjustment space. Other mainstreams Steelmakers such as Angang Steel and Taigang, etc., due to earlier reductions are in place, the reduction rate may narrow, and it is not ruled out the possibility of maintaining a flat. The downward adjustment of various varieties is expected to be as follows: hot-rolled 0-300 yuan / ton, cold-rolled, medium plate 0-200 yuan / ton, galvanized 0-100 yuan / ton, rebar 0-50 yuan / ton.