兰格优特钢日盘点：国内市场止跌持稳 成交偏弱待需求复苏

Core Viewpoint - The domestic special steel market in China has stabilized after the Spring Festival, but transaction volumes remain weak as downstream demand has not fully recovered [3][4] Market Overview - On the 25th, the average price of 45 carbon structural steel in key domestic cities was 3657 yuan, unchanged from the previous trading day; the average price of 40Cr alloy structural steel was 3813 yuan, also stable [3] - Major cities' prices for 45 carbon structural steel include: Hangzhou at 3660 yuan, Changzhou at 3510 yuan, Chongqing at 3700 yuan, and Tianjin at 3370 yuan, all remaining flat compared to the previous day [3] - Steel mills such as Changzhou Dongfang Special Steel and Hangzhou Steel have maintained stable ex-factory prices for 45 carbon structural steel at 3720 yuan and 3620 yuan respectively, including tax [3] Regional Market Dynamics - The market in East China, particularly in Wuxi and Hangzhou, has shown a stable trend with no price adjustments across various categories including carbon alloy steel and bearing steel [4] - Despite a slight improvement in merchant sentiment due to rising futures prices, actual transaction volumes remain limited, primarily driven by sporadic demand and inquiries rather than significant buying activity [4] - In North and Central China, the special steel market has also maintained stability, with supply and demand in a weak balance and inventory levels considered reasonable [4] Demand and Future Outlook - Downstream demand for special steel has not fully resumed, with many manufacturing enterprises still in the process of returning to work and ramping up production [4] - Current market conditions are characterized by a transitional phase post-holiday, with the pace of demand recovery being a critical factor influencing future market trends [4] - It is anticipated that the domestic special steel market will continue to maintain stability in the near term, with potential improvements in inquiries and transactions as downstream operations progress, although significant price increases are unlikely in the short term [4]