News for iron and EN S355JR steel management reference

Guide reading
The central bank's "Golden Stability" report released four signals; the "Golden Nine Silver Ten" of the real estate market ended gloomily in October, trading was below the monthly average level; the EN S355JR steel industry ran smoothly in the first three quarters; the supply and demand of the iron and EN S355JR steel industry basically balanced this year as the main tone; the domestic iron ore market declined slightly.

EN S355JR hot-rolled coil: The average price of 4.75mm EN S355JR hot-rolled coil in 24 major markets in China is 4156 yuan/ton, down 21 yuan/ton from the previous trading day, with green oscillation of the term coil, poor terminal demand, dragging down the sentiment of the spot market. In order to stimulate the completion of transactions, businessmen are mainly flexible in operation, downstream and intermediaries have no desire to stock, purchase more resources on demand. The overall turnover has not changed significantly. It is expected that the EN S355JR hot-rolled coil will continue to be shipped.

EN S355JR medium and heavy plate: The average price of 14-20mm medium EN S355JR plate in 23 major markets in China is 4334 yuan/ton, down 12 yuan/ton from the previous trading day, entering the off-season of EN S355JR steel market in November, the supply and demand side of the market is becoming more pessimistic. With the decreasing temperature, downstream manufacturers are not motivated to enter the market, the overall turnover of resources is limited, and Futures and billets remain weak to the market. The market mentality has become a drag, the market warming lacks a good impetus, and it is expected that the market price of the medium-sized EN S355JR plate will be weak and stable.