On the 3rd, the price of Tianjin construction steel fell by RMB 20 throughout the day.
The prices of HRB400E threaded steel with diameter 12mm of Hegang and Jingye were RMB 3230-3270/ton, RMB 3110-3150/ton for diameter 20mm, and RMB 3320-3360/ton for HRB400E coiled steel with diameter 10mm. Today, the overall futures of coils are weak, and the mentality of merchants is pessimistic, and the shipment is not smooth. The news of overseas tariffs fermented again, and the futures of coils went down.
However, given that the inventory of Tianjin market has bottomed out, the willingness of merchants to hold the price has been revealed, and there is no positive stimulus on the macro level. The risk aversion of merchants is still there, and the actual demand is generally average. In summary, it is expected that the price of Tianjin construction steel market may weaken tomorrow.
Post time: Jun-03-2025