May Beijing-Tianjin-Hebei Building Steel or "off-season is not faint" continues

The Beijing-Tianjin-Hebei building steel market recovered in April, and the recovery of downstream demand and supply-side control were the factors behind the price increase. Construction steel prices are expected to strengthen first and then weaken in May.
Beijing-Tianjin-Hebei market prices recovered in April
After a relatively sluggish market in March and a bottoming out market price, the Beijing-Tianjin-Hebei building steel market recovered in April. According to Zhuochuang Information, the monthly average price of the five Beijing-Tianjin-Hebei markets in April was 3615.55 yuan/ton, up 35.26 yuan/ton from March, an increase of 0.98%. Looking at point prices, the increase in each market at the end of April was 280-300 yuan/ton compared to the end of March, the increase was obvious, and the price level rose.
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investigating the causes, downstream consumption gradually recovered, and it was clear that the driving force of demand was evident.
In March, downstream funds could not arrive in a timely manner, so actual operation was low, demand could not recover as planned, and market prices continued to decline. In April, downstream demand conditions improved significantly, driving market price increases. Taking the Beijing market as an example, according to Zhuochuang Information, the average monthly turnover of Beijing construction steel in April was 119.96 million tons, an increase of 5,400 tons from March, an increase of 82.69%, and the increase in shipments was obvious. The increase in demand was mainly due to the gradual arrival of construction site funds in April, and finally the actual demand for construction existed. In addition, the market psychology gradually changed from pessimistic to confident, the market activity increased, the trading activity increased, and downstream consumption increased, providing an upward momentum for market prices.