The steel mills opened a red market, and the latest prices of Huaxin and Fengxing steel mills all rose.

(file photo)

[Reporter Lin Jinghua/Taipei Report] New spring steel market has opened a red market!

Walsin Lihwa (1605), a major stainless steel manufacturer, and Fengxing (2015), a major steel bar manufacturer, released their prices for February and this week respectively today (31st), as the cost of raw materials remained high, supporting the continued rise in overall steel prices.

Huaxin said that in January, the prices of scrap stainless steel and Lunni rose and fell, but ferromolybdenum rose sharply, and the overall stainless steel manufacturing cost still showed an increase; among Huaxin's February prices, the 316 column rose the most by 7,500 yuan per ton.

Please read on...

Huaxin considers the growth momentum of the post-epidemic market together with customers, appropriately reflects the cost, and adjusts the price and price increase of disk yuan in February.

Among them, the 300 series increased by 2,500 yuan per ton; the 316 series increased by 5,000 yuan, and after conversion, the 300 series increased by 2,500 yuan plus a price increase of 5,000 yuan, so each metric ton increased by 7,500 yuan; the 400 series increased by 1,500 yuan per ton, and the 200 series remained flat. plate.

As for the export part, Huaxin said that it will adjust the quotation according to the market conditions of each region.

Fengxing also issued this week's price. The purchase price of scrap steel increased by 400 yuan per ton, the base price of steel bars increased by 300 yuan per ton, and the section steel products opened flat; Section steel is 26,800 yuan per ton.

Observe the price of raw materials, there is no quotation for large ship scrap steel in the United States this week, 2H scrap steel in Japan is flat this week at US$435 per ton, the quotation for container steel scrap in the United States rises to US$410 per ton this week, and iron ore in Australia rises from US$126.5 to US$129.45 per ton .

Fengxing analysis, boosted by China's real estate policy and relaxation of restrictions, boosted market demand expectations, and Australia's seasonal rainy season factors affect shipments, iron ore continued to rise; US scrap steel due to the winter effect drives domestic scrap steel collection in the United States Difficult purchase prices rose, while Japanese steel scrap prices remained high due to the lackluster annual holiday transactions in East Asia.

Fengxing said that due to the continued rise of the domestic scrap market in the United States and the stability of the high scrap price in Japan, the reaction of domestic scrap steel is different from that of the international market, so the price increase this week.

In addition, the demand for steel bars at the end of the year has led to strong shipments, because domestic scrap steel has risen, and steel bars have been raised this week to reflect costs.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news