21st Nanjing Hot Rolled Coil Prices Continue to Pull Up

Today, the price of hot-rolled coils in the Nanjing market continues to increase.
The current market price of 2.75mm*1250*C hot rolled coils for Meigang Steel is 4,200 yuan/ton, the market price for Shammada's 3.0mm*1500*C hot coils is 4,200 yuan/ton, and the market price for 3.5mm*1500*C hot coils produced by Shagang is For 4,150 yuan/ton, the market price of 3.75mm*1250*C hot rolled coils produced by Meishan Steel is 4,100 yuan/ton, which is equal to yesterday's price; Meigang's 5.75mm*1250*C hot coil market price is 4,050 yuan/ton. The market price of 4.0-7.5mm*1500*C hot coils is 4,050 yuan/ton. The market price of 5.5mm*1500*C hot coils produced by Tangshan Iron & Steel and Magang Steel is 4,050 yuan/ton, both rising by RMB 50/ton over yesterday's prices. .

Recently, the market for hot rolled coils in the East China market has once again demonstrated a strong state. With market resources continuing to be tight, the ex-factory prices of some major steel mills are intended to be raised in September. Although Baosteel’s price for hot-rolled coils was lowered in the fourth quarter, it only recognized the previous market. Today, the opening of the market, a small number of dealers received a notice from the head office, will raise the price, not to sell the goods in the closing order, taking a wait-and-see attitude for the time being. Market resources have become more intense, and there has been a clear upward trend in market prices.