October 20 Rebar Market Rebar Prices Continue to Fall

Laiwu News: The market opened on the 20th, and the rebar market price in Laiwu continued to fall. The current market price of Laiwu Iron and Steel 12mm rebar mainstream in 4400 yuan / ton, down 30 yuan / ton; Ф16-25mm rebar mainstream price in 4300 yuan / ton, down 30 yuan / ton; three-level steel boring 16-25mm rebar The mainstream price was 4400 yuan/ton, down 30 yuan/ton.

In the market, the transaction in the local market was poor, and the mainstream market price continued to decline. With regard to raw materials, following the continued sharp decline in Tangshan billets in the previous few days, the decline has increased. The three major mines also reported news that the original four-quarter agreement pricing policy was based on the average price in the third quarter but due to the current market decline. Larger, the pricing policy was changed to the spot price in the fourth quarter. For steel mills, Shanshan Iron & Steel introduced a price policy in late October, and lowered the factory price by 150 yuan/ton in late October, while maintaining a value of 200 yuan/ton for the settlement price in the middle of last month. Under the policies of the steel mills, the loss situation of traders in the middle of the year was not very serious. However, due to the loss of confidence in the future, many traders are reluctant to over-order, and even the volume of agreements this year has the idea of ​​a discount. It is expected that in the current market mentality, market prices will continue to decline.

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