The Report of China Steel Market

Demand for the release of the steel market is slowly picking up, the rate of increase is slowing steel inventories, which led directly to the spot price of construction steel to become stable after crash. According to the latest market report provided by the relevant agencies, the China steel  industry has been the basic pattern of demand and upstream costs squeezed at both ends, there is no change, and some steel mills have recently stepped up the intensity of the overhaul and cut.

According to the monitoring, Shanghai construction steel prices stabilized stabilized. Currently, the two rebar on behalf of Shanghai Zhipin specifications tons price of around 3,640 yuan, week, up 10 yuan; Shanghai quality product the three rebar offer in 3670 yuan per ton, up 10 yuan a week. Steel futures market, according to market participants reflect once quickly soared, led to the outbreak of the spot steel city needs some steel trading business even exaggerated, "limited" operation. But soon the trend of steel back to the shock trend, the spot steel ShangXi the procurement initiative also significantly affected.

Previously, some steel parts dealer tense relationship with the steel mills, attracted the attention of the industry. Current point of view, the new changes in vendor relationships, pricing decisions of the steel mills have a certain impact, steel mills considered more cautious. Anshan Iron and Steel Company has recently introduced a plate prices in April, the ex-factory price of the mainstream varieties such as hot-rolled-steel, cold-rolled-steel and steel coil 100-300 yuan per ton dropped significantly, could mean sheet manufacturers raised prices since last December cycle has been completed. Building steel mills latest pricing, although the direction is not exactly the same, but the "stability" putting the word is a common choice.

Fluctuations in the trend of rising last week, the price of the domestic construction steel market is around the higher prices, some cities rose to one hundred yuan, pull up too fast and then fall, but Wednesday, Thursday, rebar futures prices, electronic high lineprice is continuously rising prices rebound again. Last week over the price of the overall slight rebound, the overall turnover was acceptable in parts of the stock began to digest the signs, and played a supporting role in the price rebound. With the weather warming, the demand continues to pick up, the overall market turnover of the situation will continue to improve in most parts of construction steel inventory next week will be open to the inventory process.

From the last week the overall trend in the steel market, construction steel, hot-rolled coil, galvanized steel coil, plate and other varieties of part of the area offer finished lower. According to the China Iron and Steel spot network statistics show that, as of March 22, the 10 major cities in two Φ25mm rebar price was 3,686 yuan, up 16 yuan over the same period the previous week, 10 major cities Φ6.5mm high line an average price of 3,656 yuan, up 22 yuan over the same period the previous week. 10 major cities 5.5mm hot-rolled coil average price of 3,941 yuan, more than the same period last week $ 44 up. 10 major cities 1.0mm cold rolled coils average price of 4,884 yuan, down 7 yuan than the same period last week, down 78 yuan over the same period last month.