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The recent trend of hot-rolled coil will be based on a small rise
According to steel dealers and industry insders, the current hot-rolled coil and plate and other specific varieties have different trends.
In terms of hot-rolled coil, steel dealers and industry insiders have found that due to the substantial increase in demand for heavy trucks and construction machinery such as excavators and dump trucks, the market for hot-rolled coils is relatively bullish at present. Data show that China's heavy truck sales in September reached 136000, up 63% year on year. According to the statistics of China Construction Machinery Industry Association, a total of 26034 excavators of various types were sold by the 25 excavator manufacturers included in the statistics in September, with a year-on-year increase of 64.8%. Based on this, it is expected that the market price of hot-rolled coil will be slightly stronger in the near future.
In terms of medium and heavy plate, the price of medium and heavy plate Market in Beijing, Tianjin and Hebei after the "double festival" is expected to continue to fluctuate at a high level in the near future.