(Source: China Steel Network)

On March 11, the national average price of 6.5mm HPB300 high-line steel was 2531 yuan/ton, down 7 yuan/ton from the previous trading day, and the average price of 20mm HRB400E rebar was 2,472 yuan/ton, down 7 yuan/ton from the previous trading day. The average price of 20mm grade 3 rebar is 2494 yuan/ton, down 9 yuan/ton from the previous trading day. The average price of 8mm ordinary medium plate is 2844 yuan/ton, which is 5 yuan/ton lower than the previous trading day, and the average price of 20mm ordinary medium plate is 2577 yuan/ton, which is 5 yuan/ton lower than the previous trading day. 20mm low-alloy plate The average price was RMB 2736/ton, which was a decrease of RMB 4/ton from the previous trading day. The average price of 3.0mm hot coil was 2647 yuan/ton, down 13 yuan/ton from the previous trading day, and the average price of 4.75mm hot coil was 2582 yuan/ton, down 12 yuan/ton from the previous trading day.

In terms of the market, North China Building Materials had a rise yesterday, while others were mainly stable and weak. In North China, due to low transactions and the continuous rebound of billets, the prices are rising. However, a partial pullup cannot drive the market to improve. Under the suppression of high inventory, stable and weak is still the mainstream. The operation of trading price for volume has not changed, but the transaction is light. On the whole, some markets have good transactions, and there may still be a slight increase today, but the mainstream is still dominated by weak shocks.

In terms of billets, billets rose slightly yesterday to 1990. Tangshan finished products rose slightly across the board, the transaction is good, the downstream purchases of billets are increasing, the enthusiasm of the business operation is improved, the overall transaction is acceptable, and it is expected to run firmly in the short term.

On the news side, the National Bureau of Statistics yesterday released a number of data on industrial added value, consumption, fixed asset investment, and real estate development investment. Statistics show that the growth rate of these major economic indicators has declined across the board without exception. Among them, the growth rate of fixed asset investment hit a 13-year low, the growth rate of social consumption hit a 9-year low, and the growth rate of industrial added value was the lowest after the 2008 financial crisis.

On the whole, the mainstream quotations were stable but weaker yesterday, and the North China Building Materials prices were on the rise. Some market transactions have improved slightly, and it is expected that there is still room for upward adjustment, but the mainstream is mainly weakened under inventory pressure.