Ductile iron manhole covers are difficult to ship at high prices
How does the steel price go this week? Let ’s take a look at the steel price trend last week. Can it be lowered? Let ’s analyze it together. During the week from May 28 to June 1, futures rebars rose from RMB 3578 on Monday to RMB 3752 on Friday night, a cumulative increase of RMB 174. This is also a big increase. In the industry's opinion, this is all due to environmental protection policies.
On June 2nd, some of Tangshan's general billet shipments dropped 3650 to 20, and today the steel market is slowly adjusting. The billet transaction is weak, and the prices of downstream finished materials are steadily adjusted. Last week, national billet prices rose to varying degrees. Xuzhou area in Jiangsu continued not to accept orders, and billet prices in southern Jiangsu area adjusted slightly higher. Tangshan area's billet prices rose mainly during the week. As of June 1, local Tangshan and Changli billets Mainstream shipments were 3670 yuan / ton, up 50 yuan / ton from last Friday, and cash included taxes.
This week, the average molten iron excluding tax cost of mainstream steel mills in Tangshan region was 1970 yuan / ton, and the average billet tax-included cost was 2743 yuan / ton. The weekly increase was 86 yuan / ton, and the average billet price was 3670 yuan / Compared with tons, the average profit of steel mills is about 927 yuan / ton. Week-on-month decrease of 36 yuan / ton. The billet market is affected by transportation, the amount of resources put on the market is limited, and the overall delivery is acceptable, but the high-priced spot delivery of ductile iron manhole covers is more difficult.