What's app: +86 13046077977              Email: info@hungthaimetal.com

Several steel mills have raised prices, predicting that steel prices will still rise

1. Futures and spot market prices of steel products

On July 20, the price of the domestic steel market rose mainly, and the black futures rose on the 20th, which boosted market confidence to a certain extent, and the spot steel market followed suit. Many domestic steel mills raised the price of construction steel products by 10-40 yuan/ton.

Hot-rolled coils: On July 20, the average price of 4.75mm hot-rolled coils in major cities in China was 3,921 yuan/ton, an increase of 17 yuan/ton from the previous trading day. This week, the output of hot-rolled coils increased slightly, and the inventory of steel mills and the social inventory were both declining. It can be seen that the demand side has improved slightly. The strong operation of raw materials is also one of the factors leading to price increases. The demand side in the later period is still relatively optimistic. On the whole, it is expected that the price of hot-rolled coils in China may fluctuate strongly in the short term.

Cold-rolled coils: On July 20, the average price of 1.0mm cold coils in major cities in China was 4,538 yuan/ton, an increase of 8 yuan/ton from the previous trading day. On the 20th, the black futures market fluctuated strongly, and market confidence was boosted to a certain extent. Most merchants raised their quotations slightly, but the actual transaction price had a certain room for discount. In terms of social inventory, the social inventory of cold-rolled coils was 1.2213 million tons, an increase of 20,800 tons week-on-week. On the whole, it is expected that the price of cold rolling may continue to be adjusted within a narrow range.

3. Steel market price forecast

On the supply side: This week, the output of the five major types of steel products was 9.3916 million tons, an increase of 65,800 tons week-on-week. Among them, the output of rebar, wire rod, hot-rolled coil and cold-rolled coil increased slightly, while the output of medium and heavy plate decreased slightly.

In terms of inventory: This week, the total inventory of steel products was 16.1942 million tons, an increase of 4,400 tons week-on-week. Among them, the inventory of steel mills was 4.5127 million tons, a decrease of 97,100 tons from the previous week; the social inventory was 11.6815 million tons, an increase of 101,500 tons from the previous week.

The demand for steel products in the off-season is unstable, the transaction of low-priced resources is acceptable, and the transaction of high-priced resources is difficult. At the same time, under the low profit status of steel mills, the output fluctuations are not large, and the inventory of raw materials and fuels remains low. Considering the tight supply of coking coal in some regions, the recent coking coal and coke markets have been operating relatively strongly, and the overall cost of steel has risen.

In short, under the high temperature and rainy off-season, the steel market maintains a weak balance between supply and demand, and there is little pressure on inventory accumulation. Driven by policies and costs, confidence in the steel market has recovered, and short-term steel prices may fluctuate slightly.

Read More

Color selection and application advantages of color coated steel plate

Color steel plate is a steel plate produced after a series of treatments on a continuous line, such as cold-rolled strip. When designing the plates, HUNGTHAI will make various colors according to the needs of customers. Color selection of color steel plate coating: The color selection mainly considers the degree of matching between the user’s preference and the surrounding environment. However, from an application technology point of view, the choice of light-colored paints is larger. Inorganic pigments with better durability can be selected. In addition, the paint has strong heat reflection ability, and the temperature of the paint itself is lower in summer, which is beneficial to improve the service life of the paint.

Even if the color steel coating is discolored or chalked, the contrast between the light-colored film and the original color after the change is small, and the appearance has little effect. Dark colors are mostly organic. It can easily fade and discolor in as little as three months if exposed to UV radiation. For color-coated steel sheets, the thermal expansion coefficients of the coating and the steel sheet are usually different, especially the linear expansion coefficients of the metal matrix and the organic coating are quite different. When the ambient temperature changes, the bonding interface between the substrate and the coating will generate expansion or contraction stress, and if it cannot be properly released, coating cracks will occur.

Color steel plate is actually a kind of steel plate with special organic coating. Due to its excellent performance, it is widely used in construction, home appliances, transportation and other industries. What are the advantages of the color steel plate we often use? Let’s look at it from a few aspects:

  1. Since many building structures have seismic problems, in order to make them have better seismic performance, color steel plates can be used. The structural system has strong seismic resistance and anti-horizontal load capacity, and is suitable for areas with seismic intensity above 8 degrees.
  2. Wind resistance, color steel structure has the advantages of light weight, high strength, good overall rigidity and strong deformation ability.
  3. Durability, the color steel plate residential structure has a long service life compared with ordinary houses.
  4. The thermal insulation material for thermal insulation color steel plate is mainly made of glass fiber wool, which has a good thermal insulation effect.
  5. Sound insulation, sound insulation effect is an important indicator for evaluating residential buildings. The windows installed with color steel and light steel systems use insulating glass, which has good sound insulation effect.
  6. Comfort, the color steel plate wall adopts a high-efficiency energy-saving system, which has a breathing function and can adjust the drying and humidity of the indoor air; the roof has a ventilation function, which can form a flowing air room above the house to ensure the ventilation and heat dissipation requirements inside the roof.
  7. Environmental protection, color steel materials can be recycled to achieve green and pollution-free.
  8. Energy saving, all use high-efficiency energy-saving walls, which have good thermal insulation, heat insulation and sound insulation effects, and can reach 50% energy saving standards.
Read More

Product Enquiry