**Steel Market Update: Steady Consolidation Amid Limited Upside Momentum**
The domestic steel market continued its gradual and oscillating upward trend yesterday, although the coil sector remained in a consolidation phase, while the profiles and pipe markets stayed stable. According to data from China Steel Network, as of yesterday, the lowest price for 20mm three-grade rebar in the Beijing market of North China dropped to 3,400 yuan/ton, while the same specification reached 3,500 yuan/ton in Jinan, East China. Prices in the Shijiazhuang market of North China rose to around 3,360 yuan/ton, while the East China market saw prices climb to 3,410 yuan/ton.
Additionally, the average price of 20mm HRB400 rebar in the mainstream market was 3,594 yuan/ton, up by 9 yuan/ton from the previous trading day. The average price of 20mm plate in the mainstream market stood at 3,473 yuan/ton, an increase of 6 yuan/ton. The average price of 4.75mm hot-rolled coils was 3,493 yuan/ton, up 1 yuan/ton, while the average price of 5# angle iron remained flat at 3,547 yuan/ton.
On the policy front, the People's Bank of China officially released the "Opinions on Financial Support for the Construction of the China (Shanghai) Free Trade Pilot Zone," which includes 30 key measures aimed at managing financial flows more effectively. The document emphasizes the need for independent risk management systems and separate accounting structures to prevent speculative capital from flooding into the mainland through the free trade zones.
From the cost perspective, after a 10-yuan/ton drop in Tangshan billet prices yesterday, the current price for 150mm billets in Tangshan is reported at 3,000 yuan/ton this morning. Meanwhile, several manufacturers in Hebei, including Yuanbaoshan, Wenfeng, Huawei, and Puyang, raised their plate prices by 10–50 yuan/ton. In late November, Panzhihua and Kunming saw a reduction in hot and cold rolled volumes by 35 yuan/ton. Several building material producers, such as 2672 Plant, Jinan Iron & Steel, also cut prices by 10–60 yuan/ton, while companies like E-Steel, Shuigang, Yunnan Desheng, Chenggang, Xiamen Zhongda, Chengdu Chengshi, and Pancheng Steel increased their factory prices by 20–60 yuan/ton. Overall, smaller second- and third-tier factories are still focused on absorbing price shocks.
On the futures market, the main rebar contract Rb1405 opened higher but closed lower at 3,693, down 23 points from the opening of 3,716. Due to the clear downward trend in rebar prices yesterday, the market fell below 3,700, and it is expected to see a short-term rebound today. The iron ore contract opened higher, traded lower, and closed at 945.
In terms of demand, end-user demand remained weak, with trading volumes even more subdued than usual. Businesses lacked strong momentum to push prices higher.
Taking all factors into account, the China Steel Network expects that due to the slow-moving spiral trend and sustained low demand from the end users, most businesses will continue to struggle with upward momentum. With the weekend approaching, the mainstream market is likely to enter a period of steady consolidation today. The average price of rebar in the mainstream market is expected to fluctuate by ±10 yuan/ton, with 20mm three-grade rebar ranging between 3,590–3,600 yuan/ton. Similarly, the plate market is expected to see minor adjustments of ±10 yuan/ton, with the 20mm plate averaging between 3,470–3,480 yuan/ton.
CS02A Lithium Battery Mini Electric Screwdriver
SUZHOU CREATION SPACE INTELLIGENT TECHNOLOGY CO.,LTD , https://www.mypkey.com