Lecong Hot-Rolled Steel Prices Drop by 50 Yuan/mt in Morning Market on 7th

Published: Apr 7, 2025 09:58

Save

On the 7th, Lecong hot-rolled: the morning market quotation decreased by 50 yuan/mt compared to before the holiday. Currently, the mainstream quotations for Liugang, Wangang, and Dadonghai -5.5 are 3,280-3,300 yuan/mt, and the mainstream quotation for Liugang -5.5 is 3,290 yuan/mt [SMM Steel].

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 to learn 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

23 mins ago

MMi Daily Iron Ore Report (April 22)

Iron ore futures showed a slight upward trend today. The main contract I2609 closed at 786.5 RMB/ton, up 0.32% from the previous trading day. Spot prices also rose by 1-3 RMB/ton. Traders quoted actively, while steel mills restocked as needed. Overall spot transaction sentiment was relatively stable.

23 mins ago

27 mins ago

[China Iron Ore Brief] Iron Ore Concentrates Prices in West Liaoning Remained Relatively Stable

[Brief Review of China's Domestic Ore Market] The domestic ore market in western Liaoning showed no significant fluctuations. Currently, the ex-factory prices of 66-grade iron ore concentrates on a wet basis and tax-exclusive basis stood at 730-740 yuan/mt. Recently, steel mills in the linked region of Tangshan slightly increased prices, and ore beneficiation plants held a strong bullish sentiment, with no willingness to sell below their psychological expectations. However, buyers maintained a cautious outlook on the market, keeping inquiries at low offers and restocking on demand at acceptable prices.

27 mins ago

30 mins ago

[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Increased DoD

[SMM Hot-Rolled Coil Daily Trading] On April 22, the combined daily trading volume of hot-rolled coil from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 17,090 mt, up 1,090 mt DoD (+6.8%), up 6.02% YoY (solar calendar), and up 22.42% YoY (lunar calendar).

30 mins ago