Haihao Group keeps up with raw material market trends
At Haihao Group, we remain vigilant about market dynamics, especially in terms of raw materials, to provide our customers with the best solutions. Recently, according to the China Steel Price Index (CSPI) weekly report from March 11 to March 15, domestic steel prices continue to fall sharply, and the declines in various categories have expanded.
The current CSPI reported 107.20 points, down 2.69 points month-on-month, or 2.45%. Compared with the end of last month, the index fell by 4.72 points (a decrease of 4.22%) and a decrease of 5.70 points (a decrease of 5.05%) from the end of the previous year. A year-on-year decrease of 12.75 points (a decrease of 10.63%). Among them, the prices of long products and flat products continued to fall, and the decline expanded.
Haihao Group
In terms of varieties, compared with the end of last month, the prices of the eight major steel varieties have declined, with the largest decrease being rebar and the smallest decrease being hot-rolled seamless pipes. Specifically, the price of high wire with a diameter of 6 mm is 3,890 yuan/ton, a decrease of 258 yuan/ton from the end of last month, a decrease of 2.89%; the price of rebar with a diameter of 16 mm is 3,628 yuan/ton, a decrease of 244 yuan/ton from the end of last month. , a decrease of 6.30%; the price of 5# angle steel is 3928 yuan/ton, a decrease of 173 yuan/ton from the end of last month, a decrease of 4.22%; the price of 20mm medium and thick plates is 3980 yuan/ton, a decrease of 136 yuan/ton from the end of last month , a decrease of 3.30%; the price of 3mm hot-rolled coils was 3945 yuan/ton, a decrease of 199 yuan/ton from the end of last month, a decrease of 4.80%; the price of 1mm cold-rolled sheets was 4614 yuan/ton, a decrease of 151% from the end of last month yuan/ton, a decrease of 3.17%; the price of 1 mm galvanized sheet is 5,010 yuan/ton, a decrease of 123 yuan/ton from the end of last month, a decrease of 2.40%; the price of hot-rolled seamless pipe with a diameter of 219 mm × 10 mm is 4,784 yuan / ton, a decrease of 54 yuan / ton from the end of last month, a decrease of 1.12%.
From the cost side, data from the General Administration of Customs shows that from January to February 2024, the average price of imported iron ore was US$131.1/ton, an increase of US$7.84/ton or 6.4% from the end of last year; it was 15.8 US dollars/ton higher than the same period last year. USD/ton, up 13.6%. In the week from March 11th to March 15th, the price of iron concentrate powder in the domestic market was 997 yuan/ton, a decrease of 93 yuan/ton from the end of last month, a decrease of 8.53%; a decrease of 113 yuan/ton from the end of last year, a decrease of 10.18% %; a year-on-year decrease of 9 yuan/ton, a decrease of 0.89%. The price of coking coal (grade 10) is 2,028 yuan/ton, a decrease of 390 yuan/ton from the end of last month, a decrease of 16.13%; a decrease of 565 yuan/ton, a decrease of 21.79% from the end of last year; a year-on-year decrease of 485 yuan/ton, a decrease of 19.30%. The price of coke was 2,004 yuan/ton, a decrease of 163 yuan/ton or 7.52% from the end of last month; a decrease of 450 yuan/ton or 18.34% from the end of last year; a year-on-year decrease of 617 yuan/ton or 23.54%. The scrap steel price is 2,861 yuan/ton, a decrease of 138 yuan/ton from the end of last month, a decrease of 4.60%; a decrease of 128 yuan/ton, a decrease of 4.28% from the end of last year; a year-on-year decrease of 390 yuan/ton, a decrease of 12.00%.
From the perspective of the international market, in February 2024, the CRU International Steel Price Index was 222.7 points, a month-on-month decrease of 5.2 points, or a decrease of 2.3%. It declined after rebounding for three consecutive months; it was an increase of 4.0 points, or a 1.8% increase, from the end of last year. %; a year-on-year decrease of 4.5 points, a decrease of 2.0%. Among them, the CRU long product price index was 217.4 points, a month-on-month decrease of 1.4 points, a decrease of 0.6%; a year-on-year decrease of 27.5 points, a decrease of 11.2%. The CRU plate price index was 225.3 points, a month-on-month decrease of 6.9 points, a decrease of 3.0%; a year-on-year increase of 6.9 points, an increase of 3.2%. In terms of regions, in February 2024, the price index in North America was 266.6 points, a month-on-month decrease of 23.0 points, or a decrease of 7.9%; the European price index was 246.2 points, a month-on-month increase of 9.6 points, or a 4.1% increase; the Asian price index It was 183.9 points, a month-on-month decrease of 3.0 points, or a decrease of 1.6%.
With an in-depth understanding of market trends and a commitment to quality, Haihao Group continues to provide customers with excellent products and services. Contact us today to learn more about how we can meet your specific requirements in an ever-changing market environment.