Europe debt crisis may be warming, export reduction and domestic demand slowing effects together, the industry steel circulation industry the purchasing managers' index plunged to 26.1%, ten of the FenZhiShu all fell into 50% below the cordon, domestic market price fall reduction of steel, steel price index broken bits in the industry to the downside.
 
In June the domestic steel market is expected to continue to run low volatility. During the national "steady growth" policy goal clear, "1025" major planning to speed up a project, has boosted the confidence to the markets; Add in the peak season of the steel market requirements phase steel price super falls, there will be a recovery of the short; But because it now no new growth point substantial demand pull, steel production no obvious signs, crude steel daily output is still high, supply pressure don't reduce; 5 month production costs fell on June the market prices weakened support; Output pressure, demand fatigue, insufficient funds will continue to troubled steel market, the price at the bottom to adjust a concussion trend, the wave up but difficult to back to April prices high.
 
A, prices, total sales order to decrease, shake confidence
May the steel circulation industry PMI index for 26.1%, more than 21.7% fell sharply last month; Ten of the FenZhiShu comprehensive callback, all fell into 50% below the cordon; The sales price, purchase cost index dropped most, the second is, total sales orders, trends and procurement will judge four index fell significantly. Financing environment, delivery speed, inventory level and enterprise employee index fell by relatively small.
 
May PMI FenZhiShu shows steel market operation of the three features:
1. The steel market price fall reduction amount, enterprise to speed up the consumption inventory
 
In may, the total sales orders, sales price, purchase cost index fell more than 20% are better than last month, the market is price falls amount decrease, falling inventories low operation movements.
 
In may of the 916 survey steel trading enterprise, 57% of the enterprise sales are down; 87% of the enterprise depreciate shipment, promote whole steel price decline.
 
In order to reduce the risks of markets continue to downlink, steel trading business reduce from steel mills stock, or temporary from market catch goods, reduce inventory. 54% of the enterprise inventory decline, is survey (21 months) since the highest proportion of month.
 
2. More than half the total order a reduction of the enterprise, market confidence frustration
 
May always orders PMI index fell to 24.7%, the order of the decrease of the enterprise accounted for 58.3%; The enterprise survey 44% of steel trading enterprise, to end users reduce the goods directly. Steel trading business mentality confusion can't see later market, trends judge index 25.5%, close to the lowest since the survey.
55% of the enterprise thinks that the market will continue to fall; 40% look flat; Mentality entanglements is: at present, after all, is still in demand during the season, after adjusting for the market to deduce a rises market remains hopeful; But this adjustment has fell below market starting point, high yield, the resource supply excess, continued to slide needs is capable of supporting steel price increase how much? Enterprise purchase intend to PMI index fell to 37.1%, a third of the enterprise plans to cut the June steel quantity.
 
3. June steel price is expected to rebound reason, low to bounce back
Steel circulation industry PMI index for 2 months down, was near past (26%) of a touch on the rally point; Reflect market future transactions active degree of total orders and plans to purchase quantity index falling rate slows down. According to the past rule, PMI index of the steel market price than the total advance 1-1.5 months, judge June steel price is expected to low to bounce back.
Second, the peak season rose up less price fell more than a flash in the pan market die young
 
2012 years of traditional spring market demand, waves up to eight weeks (2.17-4.13) peak in the industry to steel price composite index 172.4 points, up 4.5%; Adjust the fall (4.13-6.1) 7 weeks, fell 5.4%, the prices go up drop to offset the national steel wave down nearly 50 yuan average price, this past season demand in the market is rare. The same period in 2011, two wave market or be in 260 yuan.
 
In late may, the industry steel price composite index lost 163.2 points, fell below market starting point (165 points). The 10 big cities steel monitoring burden and seven main steel varieties weeks price, coke, domestic ore and billet, steel threads, the contour of level 3 big, primorac carbon low alloy plate, plate back in 2010 third quarter level; Cold rolled steel is back to June 2009 level.
 
Three, June low steel price rebound endorsement or limited
 
May the FenZhiShu steel circulation industry PMI were significantly down, indicates the price increase of steel to June, but data showed that the market has dropped the rebound conditions, rebound increase limited, good in the may difficult back to April prices high (April 13, steel price weeks the comprehensive index 172.4), long material will be better than the plank. Main production is affected by pressure, needs, lack of power, capital insufficiency influence, three factors caused the steel market prices rise in peak season was a flash in the pan, will continue to inhibit market prices rising year cycle and rise.
 
1. Capacity surplus supply of rare
The economic slowdown from steel output growth. 2012-April 1 domestic crude steel production increase compared to 4.284 million tons, up 1.9%; Year-on-year increase steel 23.645 million tons, up 8.4%; Among them, the long material increase of 11.552 million tons, plank increase of 7.863 million tons, up by 9% and 6.2% respectively.
May (to the middle) crude steel daily output of 2.0251 million tons, June is expected to 62 million tons, nissan may hit a record high.
 
In may a steel plant maintenance significantly increased in April, may to the last week, building materials production by maintenance of 100000 tons, 240000 tons of profiles, plate (including the strip) maintenance nearly 500000 tons. At present steel plant maintenance YaChan did not appear. Forced crude steel production by the maintenance of stop (high) furnace, the cut four lack of total 100000 tons.
 
Mid-may key steel mill in 12 million tons steel stocks, more than 10.1% rise in late April; End of May 15.95 million tons of social inventories, 2.6% higher than the same period.




Other News:
Steel price rise to fall season up prices to a flash in the pan died young
Refined rolling mill shaogang naming commendation ＂xiao liu CaoZuoFa＂
EU Commission proposes centralized bank rules
Sharp steel to bail out the contradiction between supply and demand upgrade of i
June 6, north China market inventory
The sky ZhongYe signed a regional gan xin steel project general contracting cont
Flash: June 7 japan-china plate or keep prices steady weak tone situation operat
Promoting employment, Obama urged congress to extend tax breaks wind power will