This week, the local steel prices of medium and heavy plates in Zhengzhou were mainly stable. The prices of BBN steel, Puyang and Wenfeng Pu plates were 3820 yuan/ton, the price of low alloy was increased by 200 yuan/ton, and the prices of Q345B low alloy plates were 4020 yuan/ton. In terms of transactions, this week the overall trading situation of the Zhengzhou medium steel plate market was weak. Most merchants shipped about 200 tons a day of medium steel plates, and some traders traded about 80 tons a day.
In terms of inventory, the overall inventory of the market has not changed much this week. BBN steel maintains its existing inventory of medium and heavy plat at around 3,500 tons, and some traders have existing medium steel plate inventory at around 6,500 tons. Market inventory resources are relatively sufficient. In terms of market mentality, most merchants are cautious about the market outlook due to the transaction situation. On the whole, it is expected that the price of Zhengzhou medium steel plates will be consolidated next week.
Just like you, 70% customers choose long-term cooperation with BBN steel not only for our good product and service quality, good reputation in the international market, but also for our experienced one-stop raw material supply and further steel processing!
