"Drop too fast, so far from the end of September, a ton to fell nearly one thousand yuan, from the manufacturer of steel in today, maybe tomorrow dropped the purchase price." November 4 afternoon, the reporter in jinan industrial south road steel tube world in an interview, a steel distributors to reporters tell sad face. Recent falling steel price, let yourself in the middle of the steel industry chain upstream steel through the distribution of cutting production and downstream demand of double torment.

Steel business will be more difficult

"For us now, less lost is full." Steel pipe in the great world run a steel trading general manager of the company YuBiao to tell a reporter, now the market is not optimistic, and generally adopted the dealers more prudent measures. Their company is used to the inventory of this time to reach about 20000 tons, for now, only the inventory around 5000 tons. He said that a wave of market do about 1-3 cycle months and now market financing area nervous, steel price and falling, everyone would not risk store up goods.

Eight years ago in young tiger began to do steel business, review these years of experience, he lamented: "compensate in tens of millions of steel distributors who wished. In recent years, do business is like steel casino, a look at these bad."

He introduced said: "the highest tons price can break through 7000 yuan, lowest time tons price 3000 yuan only to the fore. In 2004, the domestic steel experience a wave rise rapidly after a wave of market, and rapid decline. In July 2005 to January 2006, tons of price fall 500-600 yuan. On July 15, 2008 the last time after prices jigang, in late November, steel price falls, the depth of panic when fell to the lowest price tons of 3500 yuan."

Conversation among his latest land the website inquires of jinan steel price, pointing to a type of rebar price said: "you see, today the price is 4420 yuan/ton than the day before yesterday, rebounded 30 yuan, but at the end of September and 4820 yuan/ton of price is differ 400 yuan."

"We in the steel market as the upstream and downstream steel mill is contact production enterprise role." His parable, and said, this is like the food chain, and each chain all want to make money, but put a link of risk transfer to another link, and in the end the whole chain, are affected.

The weak housing market in steel price falls

YuBiao think, this steel price drop, and the relevant market weakness.

"All say jin jiuyin 10, but this year the September steel business is for the birds." He said the real busy season, site for building a house a day to sell hundreds of rebar tons. But last month, the store's volume less, and sometimes a week's sales 100 only to tons.

The construction site construction season general concentration occurs in two time section, one is 4, 5 month, 2 it is 9, 10 months. In the first half, start with season, jinan steel price has risen 5000 yuan/ton, and smooth running a long period of time. In the second half and season, demand has dropped, the domestic steel prices also then lower.

"This year the housing recession, steel demand in busy season also has not seen the obvious to bounce back." Qilu securities an analyst introduces, housing and iron and steel industries is the natural upstream and downstream relationship. Housing recession, steel price has also not good where to go.

Years market or difficult to thaw

The most recent period, in the manager and several counterparts in the often together to discuss strategies, it is generally believed that, now fall and did not see the bottom, the more severe period may last two months. Facing pressure came not just from the construction of market demand atrophy, and steel market overall to inventory of pressure. Plus when bank of receivables peak, there are still many stock on hand to the dealer, it will be as a pledge tool steel in recent years to bank loan method also won't work, they could face was forced to losses shipment of dangerous capital chain rupture even.

In the manager told reporters, he worked in a web site to see a news, said domestic ports the backlog of nearly one hundred million tons of iron ore, the third largest iron ore suppliers Australian iron ore prices FMG think may need months to picks up, the main reason is that China's steel enterprises is still in the digestive iron ore inventory. He thinks, affected by this, the short term steel price rise sharply is unlikely. In addition, the National Day after home steel production maintenance thrusting the start steel price decline. At the same time, Europe debt crisis and the international capital market turmoil also play an important role, the European steel industry sluggish demand, many steel mills have implemented a reduction plan, the whole domestic steel market swooned.

According to the latest monthly report predicted that the next November, the north has into the winter market, the south as temperatures reduce market demand will gradually abate. Together with a funding tense situation is still not ease, but the national property market has started to appear depreciate looks, the many railway construction also because of money problems to cease, and later steel market demand still find it hard to be optimistic.



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