The Center Of Gravity Of Steel Cost Has Moved Up And Maintained Strong Shocks

Thread main 2410 contract closed at 3616 yuan/ton yesterday, down 12.0 yuan/ton from the previous day, down 0.33%; Hot roll main 2410 contract closed at 3780 yuan/ton, up 1.0 yuan/ton from the previous day, an increase of 0.03%. In terms of spot, 167,200 tons of building materials were traded yesterday, and the transaction was significantly weaker than the previous working day, and market speculative sentiment fell. In terms of data, the national building materials inventory of steel silver caliber fell 2.60% week on week, the hot coil inventory fell 2.29% week on week, the medium and thick plate inventory fell 0.87% week on week, the cold rolled coating inventory fell 0.57% week on week, the total inventory fell 2.22% week on week on the whole: the demand for building materials is still weak, the direct supply data has improved, and the infrastructure demand has shown a good trend,SMM Steel export data remained strong under the caliber, and steel demand as a whole maintained a marginal trend of improvement. Under the steel silver caliber, the stock of all varieties of steel is maintained to the warehouse, the slope of low thread production is good, and the performance of thread inventory areas is seriously differentiated. After the first round of coke increase, the blast furnace immediate profit has narrowed, the hot coil profit is still better than the thread profit, the scrap price has risen in some areas, the scrap is less cost-effective than the hot metal, and the short process output is difficult to recover. Overall, short-term low production and good warehousing slope to provide support for the thread, high inventory structure to suppress the hot coil upward, hot metal production logic under the raw material cost center of gravity shift, is expected to maintain a strong shock.