Steel spot market
Construction steels: on October 18, 25 major cities across the country HRB400 (20mm) rebar price 2702 /ton, the price rose 19/ton compared with the previous trading day. Today Luo sideways, the cash market was also in the case of yesterday's rally reason, so today the market as a whole shipment shrunk, but resources are still small, short-term spot is still running strong. Overall, expected tomorrow, domestic construction steel or a narrow range of operation.
Hot rolled steel plates: on October 18, 2936 24 market 4.75mm hot-rolled coil price/ton, up 8 /ton compared with the previous trading day. Today's futures market opened lower in early trading, increased wait-and-see mood in the market and the recent market price has gain a larger, downstream user procurement initiative is not high, the market turnover shrinks. But higher steel prices, businesses orders the will is not strong, market delivery is limited, so businessmen than low sales. Taken together, the market space is limited in the short term, tomorrow, market consolidation is expected to run.