Latest situation of steel coils in the Chinese industry

market price

According to JinTou.com on November 14th, the main price of hot-rolled coil was 3484 yuan/ton, a decrease of 14 yuan or 0.40% from the previous day As of November 27th, although there is currently no latest overall price index for steel coils, based on the trend of related futures prices and previous market changes, steel coil prices have shown a certain upward fluctuation trend in November. On November 26th, Mysteel's domestic steel price composite index was 152.09, with a month on month increase of 6.42% and a year-on-year increase of 5.06%. The hot coil index was 148.69, with a month on month increase of 6.65% and a year-on-year increase of 10.21%. The average price of 4.75mm hot-rolled coils in 24 major cities in China was 4138 yuan/ton, with a month on month increase of 203 yuan/ton and a year-on-year increase of 331 yuan/ton.

Inventory situation

On November 25th, the China Iron and Steel Association released data showing that in mid November, the social inventory of 5 major varieties of steel in 21 cities across the country was 6.84 million tons, a decrease of 90000 tons compared to the previous month, a decrease of 1.3%. The inventory continued to decline slightly, with steel coils being one of the main steel varieties, and its inventory trend was consistent with the overall inventory change From the perspective of segmented varieties, the inventory of rebar is 2.67 million tons, an increase of 150000 tons month on month, up 6.0%. The inventory continues to rise, while the inventory of steel coils is relatively stable and slightly declining. This reflects that there are certain differences in the current market demand for different steel varieties

Production dynamics

According to Mysteel's estimation, crude steel production slightly rebounded in late November, with an estimated national crude steel production of 29.6927 million tons and an average daily production of 2.9693 million tons, an increase of 29000 tons compared to mid November. Steel coil production enterprises also showed a similar production trend. On November 26th, Mysteel monitored 37 hot-rolled coil production enterprises, with an actual weekly output of 3.224 million tons, an increase of 115800 tons from October 29th, indicating that steel coil production increased in November, but the growth rate was relatively stable.

Industry Innovation

On November 26, 2024, Xiangshui Juhe Metal Products Co., Ltd. obtained a patent entitled "A coiling device for producing 304 cold-rolled stainless steel coils", with authorization announcement number cn118419652b. The acquisition of this patent reflects the continuous efforts of steel coil production enterprises in technological innovation, which helps to improve the efficiency and quality of steel coil production and promote technological progress in the steel coil industry

market demand

In November, the new order index of the national steel industry was 50.0, with a month on month increase of 3.2 percentage points, returning to the boom bust line after two months. The phenomenon of terminal rush to meet deadlines still exists, and the demand for steel in the market is strong. As an important steel product, the demand for steel coils has also increased. However, with the clear cooling of the northern weather and the approaching end of the year, it is expected that the demand for steel coils will decline in December, especially in the construction and other fields where the demand has decreased significantly. However, in industries such as automobiles and home appliances, due to the relative stability of production plans, the demand for steel coils will still maintain a certain scale.

Enterprise News

Steel coil production enterprises did not experience any major special events on November 27th, but overall, major steel coil production enterprises are constantly seeking development opportunities in market competition, such as optimizing production processes, reducing costs, and improving product quality to enhance their competitiveness and respond to market changes and industry challenges. Meanwhile, with the continuous promotion of environmental protection policies, steel coil enterprises are actively exploring green production models, increasing investment in environmental protection equipment and technology to achieve sustainable development.