Although there is a slight decline in prices of certain types during a certain period of time, overall, the domestic spot steel prices still maintain an upward trend. Iron ore prices are also rising, but ore inventories are also increasing.

According to a well-known domestic steel information agency" My Steel; The latest market report provided shows that in the past week, the domestic spot steel price composite index closed at 128.26 points, up 3.41% in the week. Steel prices continue to rise, although some spot types of prices have fallen into a wait-and-see state for a while, and some types have even shown a slight decline. However, overall, the short-term market still holds a bullish attitude.

According to analysis, prices continue to skyrocket in the construction steel market. At present, the average ton price of 20mm specification threaded steel made of HRB400 material in China is 3408 yuan, an increase of 130 yuan in a week; The uniform ton price of HRB300 material with 8mm specification high wire is 3459 yuan, an increase of 132 yuan in a week. The region of East and Central China ranked among the top in terms of growth. In detail, the investigation and investigation of illegal production capacity in various regions are currently ongoing. In some regions, illegal intermediate frequency furnace factories have been shut down, and the supply of electrolytic manganese powder in the market has begun to decrease. At the same time, the main types of threaded steel in the steel futures market have reached new highs, and spot steel prices have also continued to rise. However, the demand side's expansion is not too pessimistic.

In the board market, prices have also increased significantly. The price of hot-rolled plate and coil continues to rise. In the main markets of the country, the average price of 3.0mm hot-rolled plate and coil with electrolytic manganese powder is 3841 yuan per ton, an increase of 121 yuan per week; The average price per ton of 4.75mm hot rolled plate and coil is 3770 yuan, an increase of 126 yuan in a week. In the Shanghai market, it can be seen that hot rolled steel coils have shown a trend of rising, falling, and stabilizing, with relatively ordinary market transactions. In the Guangzhou market, market demand was weak at the beginning of the week, and prices were weak. However, in the later part of the week, as futures fluctuated and rose, merchants' confidence was boosted, and hot coil quotes were actively rising. Market transactions improved compared to the previous period. The prices of medium and heavy plates have also significantly increased, and the mentality of traders continues to be pessimistic.

The iron ore market is also in upward space. According to the latest report, in the domestic ore market, the price of iron concentrate powder in the Hebei region has slightly increased, which has boosted the enthusiasm of steel mills to purchase domestic ore. Some mines are reluctant to sell. The import ore price first fell and then rose, and then surged again to above $80 per ton in the middle of the week. As of the 8th, the 62% grade iron ore index closed at 81.15 US dollars per ton, up 3.85 US dollars in the week. Recently, the shipment volume of overseas mining enterprises has been increasing, and the inventory of iron ore in domestic ports has occasionally increased. The inventory of iron ore in steel mills has gradually reached a high level. The price of imported iron ore will fluctuate around the threshold of $80 per ton.

According to analysis by relevant institutions, the recent expectation of supply side contraction in the steel market has been driven by the impact of rectifying the consumption line of intermediate frequency furnaces and investigating illegal steel production capacity, which has led to a sustained and significant increase in domestic steel prices. At the same time, the risk of adjustment faced by the municipal bureau is gradually accumulating. On the one hand, the current recovery of profits in steel enterprises to a high level may stimulate another increase in supply; On the other hand, the inventory resources in the hands of merchants are profitable at the current price point. Considering the risk return ratio, by the end of the year, merchants will be; Reduce inventory during high periods; It will be the mainstream thinking.