Gnee Steel (tianjin) Co., Ltd
+8615824687445
Contact Us
  • Mob: +8615824687445
  • Email: ppgi@gescosteel.com
  • Add: No.4-1114, Beichen Building, Beicang Town, Beichen District, Tianjin, China

Production Restrictions Escalate Again Steel Prices Rise

Nov 17, 2022

National Perspective on Building Materials


1108sts-45

The mainstream of the national wire rod market price rose. 53 sample cities, up 44 cities, accounting for 83.01%, up 10-70, to maintain a stable city has 9 cities, accounting for 16.99%, no down cities. Traders cautiously wait and see, the current domestic building materials market inventory is generally low, although the release of domestic macro data performance is poor, but the futures snail continues to hold red run, coupled with macro policy side of the good stimulus, terminal demand has been released, the market confidence has picked up, now the cost side support still exists. Comprehensive consideration, the price is expected to be stable in the finishing. The main influencing factors are as follows: 1, the futures snail oscillation is strong; 2.