The nationwide price of steel products rose slightly last week (November 14-20)

The nationwide price of steel products rose slightly last week (November 14-20)

Steel production has declined. The import and export volume of steel products decreased generally.

On Thursday, the Futures rebounded, and the market sentiment eased to some extent, leading to a small upward in spot prices.

The spot price of 72# ferrosilicon did not change much, and the price of 75# ferrosilicon declined due to the weakening of the downstream magnesium metal market.

HRC lead times in the Midwest increased to 4 weeks from 3-4 weeks.

This week, the ferrosilicon market maintained stable. The Futures market fluctuated after last week's rise.

The location of the second planned mill has not been announced.