Construction Steel
The overall price of the construction steel market rose on the 16th. The average price of rebar in major cities was RMB3,959/mt, up RMB22/mt from the previous trading day. The main contract closed at 3,742 yuan/mt, up 76 yuan/mt from the previous working day's settlement price, and at a discount of 138 yuan/mt to the market price of 3,880 yuan/mt for thread in Hangzhou. In the morning, prices in the construction steel market in Haddo rose slightly by RMB10-20/t on a trial basis. The market trading atmosphere is very active, the overall transaction performance is good, the businessmen bullish mentality spread, some regional spot increase during the day, the spot quotation has been increased several times, the cumulative increase of 30-60 yuan / ton. Recently boosted by macroeconomic good, the demand side is continuing to rebound signs, raw materials low rebound and inventory levels are low. This year's Spring Festival is earlier than last year, merchants are less confident in the continuity of demand in the market, and the cautious sentiment of risk avoidance is always maintained. It is expected that the recent construction steel market quotation narrowly on the strong side of the shaking adjustment.
