Tianjin News: On the 19th, the price of H-shaped steel in Tianjin market was strong. As of press time, the price of angle steel: 5# angle steel RMB 3240/ton, 16# channel steel RMB 3190/ton, 18# I-shaped steel RMB 3260/ton; H-shaped steel price: 200*200 reported RMB 3240/ton, 400*200 reported RMB 3300/ton.
At the opening of the market today, the quotations of merchants in Tianjin steel market were stronger than yesterday, and the overall transaction was good. Affected by the rising futures market, the market price followed the rise, the overall activity was restored, the downstream terminal demand was released, and limited purchases were made for low-priced resources and scarce specifications. At present, the upstream productivity is sufficient, and the total downstream demand can be fully supported. The market mentality has eased, but it is still mainly wait-and-see, and the situation of oversupply has not been broken. On the whole, it is expected that the market price of Tianjin steel will present a stage of consolidation after rising tomorrow.
Post time: Feb-19-2025