Some Factors Affecting China Steel Prices

Via the some changes of China steel market, we can find some key factors affecting China steel prices. We all know that it is so important get the latest news about steel prices, if we want to get the most proper steel with best prices, and the following information will tell you some detailed content about some factors affecting China steel prices, to help me make better choice to buy China steel!

One is the leading steel price increases based. With the steel into the callback week, the domestic construction steel factory prices were mixed. Ezion-priced East Sha Steel, transit, as well as on the North China Hebei Steel prices continue to rise in early August 30-80 yuan / ton, close to the market price of the East, North, South part of the steel is slightly reduced prices . In July the overall sharp rise in steel prices, steel price increases and relatively mild steel trading business has a certain profit margins, improved ordering enthusiasm. July and August combined steel export contracts are still relatively full, not much pressure steel contract organizations, firmer confidence in the market outlook.

The second is the raw material prices fell slightly. According to monitoring data show that as of August 2, Tangshan Carbon billet prices for 3080 yuan / ton, down from Friday 30 yuan / ton; Jiangsu Province scrap price is 2460 yuan / ton, five price unchanged; Shanxi coke price of 1100 yuan / ton, unchanged from Friday; Tangshan area 66% tastes dry iron ore price 1060 yuan / ton, down from Friday 10 yuan / ton. At the same time, 62% grade iron ore Platts index for 129.75 U.S. dollars / ton, Zhou chain fell 1.75 U.S. dollars / ton.

The third is the steel stocks have been lower than earlier levels. Data show that as of August 2, the major domestic varieties of steel stocks totaled 15,147,400 tons, weekly chain lighten up rate of 0.83%, while inventories last week, the rate of decline has slowed down significantly, this also with the current hot and rainy, building construction delay the manufacturing sector increased for the summer break. But it is worth noting that, in the context of a new high yield, current inventory levels have been slightly lower than last year's level, indicating that the release of this year's relatively strong overall demand.

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