[SMM thread] the period screw fluctuates horizontally, and the spot performance is lukewarm and lukewarm.

Published: Jul 02, 2020 21:01 (GMT+8)

SMM7 March 2 News: this period of snail continues to fluctuate, the spot market quotation is stable as a whole, individual small reduction of about 10 yuan, the overall transaction performance is mediocre. [Hangzhou]: Hangzhou morning market quotation to maintain stability, Shagang reported 3570 murmur3580 yuan / ton, the snail trend was stable and strong, but the spot transaction failed to sell, the market mood was more pessimistic under high inventory pressure, maintained stable operation after the late afternoon spiral rise, low-price speculative demand appeared slightly, the terminal replenished the stock on demand, and the overall trading volume was generally deviated throughout the day. [Beijing]: the thread is stable, Heshan Steel is reported to be 3680mur3690 yuan / ton, and the plate is snail stable, Hegang is reported to be 3750Mel 3770 yuan / ton. The deal was mediocre, not much different from that of yesterday. [Shanghai]: the spot price of thread has been reduced by 10 yuan / ton, and Shagang quoted price of 3520 Muth3540 yuan / ton. The transaction is lonely and the shipment is not smooth. [Guangzhou]: thread quotation is stable, cold steel quotation is 3740Mel 3760 yuan / ton, plate snail is stable, Wangang quotation is 3750 yuan / ton. Turnover is slightly higher than yesterday, but not much better. Due to the decrease in rainy days, some businesses are willing to keep their prices up and down. [Chengdu]: today, the screw steel is stable, the price limit of the steel mill is about 3680 yuan / ton, the transaction needs to drop more, and the shipment volume is still weak.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Western Mining Subsidiary Receives 17-Year License for Qinghai Polymetallic Mine
Sep 22, 2026 16:11 (GMT+8)
Western Mining Subsidiary Receives 17-Year License for Qinghai Polymetallic Mine
Read More
Western Mining Subsidiary Receives 17-Year License for Qinghai Polymetallic Mine
Western Mining Subsidiary Receives 17-Year License for Qinghai Polymetallic Mine
On September 22, Western Mining announced that its wholly owned subsidiary, Qinghai Ganxin Mining Development Co., Ltd. (“Ganxin Mining”), recently obtained a Mining License issued by the Department of Natural Resources of Qinghai Province. The mine, named the Geermu Tuwenchahan Iron Polymetallic Mine of Qinghai Ganxin Mining Development Co., Ltd., covers iron, copper, gold, molybdenum, zinc, lead, and silver as the permitted mining commodities. The mining license is valid from August 3, 2026, to August 30, 2043.
Sep 22, 2026 16:11 (GMT+8)
Korea Zinc's $7.4B US Project Passes Environmental Assessment, Set for 2029 Trial Operations
Sep 21, 2026 17:02 (GMT+8)
Korea Zinc's $7.4B US Project Passes Environmental Assessment, Set for 2029 Trial Operations
Read More
Korea Zinc's $7.4B US Project Passes Environmental Assessment, Set for 2029 Trial Operations
Korea Zinc's $7.4B US Project Passes Environmental Assessment, Set for 2029 Trial Operations
On September 21, Korea Zinc announced that its $7.4 billion US manufacturing project had passed the environmental impact assessment. The facility is scheduled to begin trial operations in 2029 and commercial production the following year, producing 11 critical minerals, 12 non-ferrous metals and semiconductor-grade sulfuric acid. In April, Korea Zinc said it had completed the acquisition of a local zinc smelter and other related companies. The company plans to implement the project by expanding and upgrading the existing facilities.
Sep 21, 2026 17:02 (GMT+8)
Australia Reviews Anti-Dumping Duties on Galvanized Steel from India, Malaysia, Vietnam Amid Zinc Concerns
Sep 11, 2026 18:30 (GMT+8)
Australia Reviews Anti-Dumping Duties on Galvanized Steel from India, Malaysia, Vietnam Amid Zinc Concerns
Read More
Australia Reviews Anti-Dumping Duties on Galvanized Steel from India, Malaysia, Vietnam Amid Zinc Concerns
Australia Reviews Anti-Dumping Duties on Galvanized Steel from India, Malaysia, Vietnam Amid Zinc Concerns
On September 9, 2026, Australia initiated its second sunset review of anti-dumping measures on galvanized steel sheet from India, Malaysia and Vietnam, and separately launched a sunset review of countervailing measures on imports from India. The review covers July 2025-June 2026, with the final report expected by February 11, 2027. As galvanized steel is the largest end-use sector for zinc, the measures directly affect export costs and competitiveness, potentially impacting Australia’s domestic zinc demand and supply chain. Maintaining the duties would provide some protection for domestic steel and coating capacity, while termination could increase low-priced imports and affect regional zinc consumption. The final outcome remains subject to the authorities’ determination.
Sep 11, 2026 18:30 (GMT+8)