News summary
On May 24, many steel mills lowered the ex-factory price of building materials, and threaded wire rods generally fell, with a maximum drop of 30 yuan/ton.
Newsletter text
Steel mill building materials prices have been lowered across the board, releasing market pressure
On May 24, a number of steel mills announced adjustments to the ex-factory prices of building materials products, including rebar, wire rod and coil screws. This price adjustment involves a total of 6 steel mills in Northeast China, North China, Southwest China and South China. Xinfu Steel in Northeast China lowers the prices of threads, wire rods and coil screwswsoppayout20 yuan/ton; Jinzhou Steel Plant in North China lowered wire rod prices by 10 yuan/ton; Changle Steel Plant and Fuxin Special Steel in Southwest China also lowered the prices of related products by 20 yuan/ton; Yougang and Guixin Steel Plant in South China respectively lowered the prices of threads, wire rods and coil screws by 10 yuan/ton and 30 yuan/ton. This price adjustment is included. Industry insiders analyzed that this series of price adjustments reflects changes in market supply and demand conditions, as well as the adjustment trend of steel prices in the current market environment.