In the morning of the 13th, the mainstream ex-factory price of Tangshan Qian’an ordinary billet was stable at 2960 yuan/ton compared with yesterday, and the ex-factory price of Qian’an Songting Steel ordinary billet was stable at 2970 yuan/ton compared with yesterday. The warehouse spot price including tax was 3040 yuan/ton. The billet market transaction was general in the morning. The downstream finished product price remained stable.
Heilongjiang construction steel prices are expected to remain stable in the early trading
The price of Heilongjiang construction steel market rose slightly yesterday driven by futures, but weak demand suppressed the increase and the transaction was average. Purchases at some construction sites led to a decrease in inventory, and the market still has a wait-and-see mood. At present, the price difference between rebar and medium and thick plates in Harbin market is 380 yuan/ton, and the price difference with hot-rolled coil is 20 yuan/ton. It is expected that the price will maintain a weak and stable operation trend in the morning trading today, and merchants will mainly ship goods.
Trump again threatens Powell to resign
According to CCTV News, on the 13th local time, US President Trump once again expressed his hope that Federal Reserve Chairman Powell would resign. It is reported that Trump said on the tarmac of the Andrews Joint Base in Maryland that it would be a good thing if Federal Reserve Chairman Powell resigned. Trump said, “I hope he resigns, and he should resign because he is very bad for the country.”
Chief Outlook for the Second Half of the Year: Production Control and Self-discipline Remain the Core Tasks
Wang Yingsheng, vice president of the China Iron and Steel Association, said that my country’s total steel production has reached its peak, and domestic crude steel consumption is expected to remain at around 800-900 million tons in the future. The industry has a clear trend of reducing production, but the industry concentration has increased. Steel companies must strictly control production, strengthen self-discipline, and increase efficiency, and organize production in accordance with the principle of “three determinations and three don’ts” to ensure corporate benefits; Wang Jianhua, chief analyst of Shanghai Steel Union Steel, predicts that the steel market will “turn around” in the second half of 2025 – the price peak is expected to be lower than the first half of the year, but the industry will definitely usher in a turnaround. There is an opportunity for price rebound in reasonable production control, and the rebound will last longer than the second half of last year.
