After arriving in the company in the morning, the boss opened an early meeting for the recent Q345NH weathering steel and
Corten steel market. Recently, due to macro news, weathering steel and Corten steel futures fell sharply, and market panic increased. The market fell more than 100 yuan/ton in the past three days.
Near the weekend, according to the market rules, the downstream terminal procurement enthusiasm should be strong, the market feedback before and after the Mid-Autumn Festival purchases are not as expected, not enough to push the merchants to pull up the price, so still based on the transaction.
It is reported that the Wuhan Military Games will be held on October 18-27. At that time, the Wuhan Third Ring Road and within 15-28 days will implement vehicle restrictions, which will have a great impact on cargo transportation, and most of the construction sites will also face downtime.
In terms of steel mills, Baosteel Qingshan plans to carry out overhaul production line on October 15-28, which will affect some production. However, the current Q345NH weathering steel and Corten steel plate spot market are more abundant in color, and the steel mills will carry out quarterly liquidation this month, so there will be no significant impact on the overall supply.
