November sees across-the-board price increase for 6 types of ferrous metals
According to the latest monitoring data from the National Bureau of Statistics on 50 crucial production materials in 9 major categories across the country’s circulation sector, prices in the market have shown a mixed trend in late November. In comparison with mid-November, 17 products experienced a price increase, 30 decreased, and 3 remained stable. Notably, prices for all 6 types of ferrous metals saw a rise.
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Highlights from the Black Metal Sector:
Φ20mm HRB400E Threaded Steel Bar: The current price is 3958.8 yuan/ton, marking an increase of 27.4 yuan/ton, with a rise of 0.7%.
Φ8mm~Φ10mm HPB300 Wire Rod: The current price is 4146.0 yuan/ton, showing an increase of 33.2 yuan/ton, and a rise of 0.8%.
20mm Thick Q235 Ordinary Medium Plate: The current price is 4021.2 yuan/ton, indicating an increase of 36.6 yuan/ton, and a rise of 0.9%.
4.75mm~11.5mm Thick Q235 Hot-Rolled Ordinary Coil: The current price is 4028.2 yuan/ton, showing an increase of 26.5 yuan/ton, with a rise of 0.7%.
Φ219mm×6mm 20# Seamless Steel Pipe: The current price is 4566.4 yuan/ton, experiencing an increase of 25.0 yuan/ton, and a rise of 0.6%.
5# Angle Steel: The current price is 4160.5 yuan/ton, with an increase of 19.9 yuan/ton, and a rise of 0.5%.
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Market Analysis:
The late November market has witnessed a general uptick in the prices of black metal commodities, reflecting the dynamic nature of the ferrous metals sector. As we approach the year-end, these fluctuations may continue to be influenced by various market factors.
As an expert in pipeline system products, Haihao Group pays attention to the changing information of steel raw materials and adjusts the stocking strategy according to the changes in raw material prices to ensure a better experience for customers. If you have a pipeline engineering project that requires pipeline systems Products, including steel pipes, flanges, elbows, tees and large forgings for pressure vessels, etc. Please feel free to contact us.