Hot-dip galvanized square tube price, steel price to catch up to be cautious

Construction steel: On June 5, the average price of 20mm three-level seismic rebar in 31 major cities in the country was 3808 yuan/ton, up 76 yuan/ton from the previous trading day. In the early trading period, the spiral high operation, the price of domestic construction steel followed the positive rise. From the transaction point of view, because the price rose too fast, downstream users wait-and-see sentiment is strong, the overall trading performance is lukewarm, some businesses dark afternoon shipments.
Hot rolled coil: On June 5, the average price of 4.75mm hot rolled coil in 24 major cities in the country was 3884 yuan/ton, up 76 yuan/ton from the previous trading day. The news of the implementation of environmental protection restrictions in Tangshan over the weekend continued to boost the steel market, and steel prices in major markets across the country rose sharply, but seasonal pressure on demand gradually became prominent.
Cold-rolled coil: On June 5, the average price of 1.0mm cold coil in 24 major cities in the country was 4455 yuan/ton, up 47 yuan/ton from the previous trading day. On the 5th, black commodity futures fluctuated strongly, and spot prices around the world continued to increase from last week. From the market understanding of the situation, traders operate more optimistic, some of the market general materials are tight, there are reluctant to sell.
Carbon steel pipe: this week, hot-dip Galvanized Steel Pipe, galvanized round pipe, galvanized square pipe, Welded Steel Pipe, rectangular pipe, etc. Although the traditional demand in June into the off-season, but the market demand or still have a good performance, the apparent demand for steel or no significant weakening. In particular, the introduction of stimulus policies by the state is expected to increase, the depressed market sentiment has been boosted, the demand for low-price trade speculation has increased, and the low-cost procurement of terminal demand has increased. From the supply side, the recent steel prices have rebounded, ore prices have risen, and the decline in coke prices has slowed down. The loss of steel enterprises has narrowed, the power of steel enterprises to reduce production has weakened, the production line has been reduced in a wide range, the production is expected to weaken, and the overall steel production or performance is stable. The social inventory and total inventory of major varieties will continue to decline. At present, the production line of steel enterprises is not enough to stop production, the actual supply of market resources is difficult to reduce, the steel market supply is greater than the expected concerns continue to exist, the market does not have the conditions for prices to rise sharply, and the space for spot prices to rise will be inhibited.