Latest Stock Market Fluctuations For Steel Structure On May 21

Steel, the core raw material for steel structure production, and iron ore futures prices have declined across the board, directly affecting procurement costs and pricing strategies for steel structure companies:

 

Rebar main contract futures: The latest price on May 21 was 3,175 yuan per ton, down 13 yuan per ton from the previous trading day's 3,188 yuan per ton, representing a single-day drop of 0.41%. As the primary material used in steel structure projects, rebar has seen two consecutive days of price adjustments, creating new cost negotiation space for material procurement and project quotations.

 

Iron ore futures: With upstream raw materials weakening simultaneously, the latest quote for the iron ore 2606 contract stood at 810.0 yuan per ton, down 6 yuan per ton from the prior day's 816.0 yuan per ton-a decline of 0.74%. Meanwhile, the main iron ore contract also dropped to 789.5 yuan per ton. The downward trend in raw material prices has somewhat alleviated upstream cost pressures for steel structure enterprises, but it also reflects market caution regarding downstream steel demand.