Consistent price increase - Baosteel, Wuhan Iron and Steel, Anshan Iron and Steel, the three major steel prices in September unveiled yesterday.
The three major steel companies consistently adjusted their prices upwards, ranging from 100 to 1,000 yuan, and most varieties added to the decline in August. However, the price adjustments of the three major steel companies were slightly lower than those of previous traders, indicating that they are cautiously optimistic about the outlook.
Among the three major steel enterprises, Baosteel has the smallest increase, with the main varieties increasing by 100-300 yuan per ton (not including preferential treatment). Some varieties, such as hot rolled and cold rolled coils, remain at the same price, but they are not fully covered in August. Magnitude.
The upward adjustment of certain varieties of Wuhan Iron and Steel and Anshan Iron and Steel was slightly higher than that of Baosteel, basically making up for the decline in August. Among them, Wuhan Iron and Steel's major plate species increased 200-400 yuan per ton, non-oriented silicon steel raised 500-800 yuan per ton; Anshan Iron and Steel's main varieties increased 200-400 yuan per ton, silicon steel increased 1,000 yuan per ton.
The three major steel companies moderately raised their September prices, indicating that they are more cautious about the market outlook and are in line with the current economic operating situation. “My steel†analysts believe that Baosteel and other large steel plants mainly supply industrial steel, and the latest macroeconomic data shows that China’s economic growth rate has further slowed down. In addition, the current automobile and other industries are still in the traditional off-season, coupled with inventory dragged down, some car companies have increased their demand for raw materials, but there is no significant volume.
With regard to Baosteel's minimal upward adjustment, analysts speculated that the price of Baosteel's auto panels is still relatively higher than that of similar products, while other steelmakers are making progressive advancements in automotive panel technology and so on, perhaps to a certain extent for Baosteel. For Baosteel, market share is particularly important at this time, so the rate of increase is slightly cautious.
Large steel enterprises collectively raised steel prices in line with the current market rebound trend, but the industry generally bearish outlook.
The reporter learned from the exchanges with steel companies that the overall organizational status of steel companies has improved, but there has been no significant increase. Among them, after the number of orders declined in the first few months, the automotive plate has now stabilized; construction steel has improved; home appliances plate is relatively stable, and will gradually enter the off-season demand.
The monitoring of the Shinkansen on the Nishimoto Line also shows that the current release of demand obviously does not have continuity and stability, and it is difficult to form a strong support for a stable price rise. "The off-season is not faded and the peak season is not waning" has become a widespread concern in the industry.