Steel prices today increased to 4,335 yuan / ton on the Shanghai Exchange. 2021 is a special year for the global stainless steel industry, with many companies posting record profits.
Steel prices today increased slightly.
Steel price today delivered in May 2022 on the Shanghai Exchange increased by 8 yuan to 4,335 yuan/ton at the time of the survey at 8:40 am (Vietnam time).
| Tên loại | Kỳ hạn | Ngày 29/12 | Chênh lệch so với giao dịch trước đó |
| Giá đồng | Giao tháng 2/2022 | 70.320 | -10 |
| Giá kẽm | Giao tháng 2/2022 | 23.930 | -115 |
| Giá niken | Giao tháng 2/2022 | 147.460 | -1.130 |
| Giá bạc | Giao tháng 6/2022 | 4.841 | -14 |
| Giá thép | Giao tháng 5/2022 | 4.335 | +8 |
List of futures trading prices of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
2021 is a special year for the global stainless steel industry. Most companies throughout the supply chain posted very good financial results during this period, according to MEPS.
Iron ore chart at Shanghai Exchange (Source: Shfe)
Steel producers have benefited from a significant increase in selling prices, despite rising input costs. Many of those companies are posting record profits after several consecutive quarters of growth.
Despite a slowdown in activity towards the end of the year, most market participants are still very optimistic about the outlook for 2022.
However, opinions on the short-term outlook for stainless steel demand and prices in the market are currently mixed. Buyers are becoming more and more cautious with their transactions in recent months.
The spread of the Omicron variant, rising inflation and continued constraints in the supply chain will be factors that continue to challenge business in the new year.
As the end of 2021 approaches, stainless steel prices remain high in all regions. MEPS Europe’s average 304 cold-rolled coil base value is now at an all-time high, recorded in January 2007.
Photo: Alibaba
In Asia, anticipated reductions in raw material costs, coupled with seasonally low demand, are likely to put negative pressure on selling values ahead of the Lunar New Year. However, production cuts in the region could constrain supply and limit the size of any price cuts.
Further increases in base value in North America are expected to be capped by a decline in trading activity in the first half of next year. At the same time, buyers have ordered a significant amount of materials with both domestic and foreign suppliers.
This should begin to arrive in early 2022. However, supply from domestic stainless steel producers is expected to remain constrained, contributing to keeping prices high in the short term.
T&G International Joint Stock Company
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