What Is The Price Of Steel Coil This Week?

The total global iron ore shipments in this period were 34.55 million tons, an increase of 4.234 million tons or 14% from the previous month, setting a new high since the beginning of this year. The inventory of imported iron ore in 45 ports across the country was 148.9262 million tons, a weekly decrease of 351,400 tons or 0.24%. From June 10 to June 16, the total amount of iron ore arriving at 47 ports in China was 23.138 million tons, a decrease of 2.196 million tons from the previous month.
Data from the National Bureau of Statistics showed that in May 2024, China's crude steel output was 92.86 million tons, a year-on-year increase of 2.7%; pig iron output was 76.13 million tons, a year-on-year decrease of 1.2%; steel output was 122.70 million tons, a year-on-year increase of 3.4%. From January to May, China's crude steel output was 438.61 million tons, a year-on-year decrease of 1.4%; pig iron output was 361.13 million tons, a year-on-year decrease of 3.7%; steel output was 574.05 million tons, a year-on-year increase of 2.9%.
At present, the macro-financial data is weak, and the raw materials iron ore and coke are weak, the cost support has fallen, the supply of steel enterprises has increased year-on-year, and the supply pressure has not decreased, which is bearish for the price trend of steel. It is expected that the price of color-coated steel coils will be stable but weak this week, with a range of 20-40 yuan/ton. The purpose of the weekly steel coil price forecast is to remind customers to pay attention to prices. If there are customers with needs, please place reasonable orders. Jingtai Steel Coil Factory will provide high-quality products and high-quality prices.