China Steel Market in Summer

Years later date, the decline in steel prices and off, add up close to a few months, the traditional peak season is not a surprise to the steel trading business, let alone immediately into the steel off-season, but also expect steel prices to have much pick up? According to the monitoring, as of the closing of the 19th, Beijing markets River steel two big spiral price of 3530 yuan / ton, unchanged from the previous day; Shanghai market Zhongtian two big spiral of 3490-3530 yuan / ton, compared with the previous was unchanged; Guangzhou market GISE, two big spiral 3630 yuan / ton, unchanged from the previous day. Shanghai market hot rolled closing price of 3530-3560 yuan / ton, unchanged from the previous day; the Tianjin market hot rolled closing price of 3460-3490 yuan / ton, compared with the previous day maintenance of stability; music hot rolled coil from the market closing price of 3610 - 3620 yuan / ton, compared with the previous day's low reduced.

Only a week last week, domestic steel prices fell 1.33% for the biggest weekly decline in two months, the steel futures continue to decline, a high level of crude steel production in the steel market supply and demand contradictions No mitigation background, steel trading business operation is still main dynasties library. According to statistics, the total inventory of steel community last week, down 3.3% to 19.064 million tons, threaded stock down 4.4% from 8.744 million tons, down 2.7% in the previous week; wire down 3.8% from 2.493 million tons, down 2.3% in the previous week; hot-rolled 4724000 ton, down 2.0%, by 0.002% in the previous week; cold-rolled down 0.9% from 1.631 million tons, down 0.1% in the previous week; plate down 3.0% from 1.473 million tons, down 1.3% in the previous week. At present, the intensified financial market volatility, market pessimistic attitude, brokers price to take the goods, it is estimated that the bottom of the market state can only continue.

However, recently about the steel part of the iron ore cargo to take back the market to sell the phenomenon is on the rise, which also increased the expected market indirectly cut steel, the steel industry back to the sale of iron ore, Leaving aside this group goods can not be sold in a timely manner, since the steel mills to sell out, it means that steel mills have decided not to the shipment into production, sold out, will increase the supply pressure of the iron ore market, resulting in mine further decline in price; sell, steel mills will they stagnation in the market, will not be used for production, so the speculation mills took the opportunity to have a willingness to cut is possible, but the amount of the cut would have little, it is difficult to say, it depends how poor steel market outlook is expected.

Although, the steel prices of China is in the lowest level this year, following the rising of economic development, the demand of all kinds of steel will be uplifted, like galvanized steel, ERW pipe, Steel coil, galvalume steel, Flat Bar, galvanized angle iron, etc. I do believe that China Steel enterprises must conquer this difficult age, and accomplish their goal of this year in 2013.