Chinese steel Reuters: opening, 11 East High Line offer up 10 yuan / ton, the other markets offer temporary stability; southwest of Chengdu, quoted market prices rose 10 yuan / ton, Central South and Northeast regions offer smooth; North China Beijing market line and two rebar cut prices 10-20 yuan / ton.
From a market point of view, last week, demand is weak, the turnover of less than has been plagued by the Steel City, although the macro surface from time to time beneficial to good news, but the terminal procurement unmoved. Near the weekend, the central bank announced the rate cut, but still face of the reality of bad demand. Individual markets last week, building materials offer a small probe up, but the lack of confidence businesses have to follow the market waiting to see the majority.
From a cost point of view, billet, fell sharply last week, a rebound, rebound cut-off last weekend Tangshan Carbon Billet 70-3610 yuan / ton; the price of imported iron ore down to 1-136 U.S. dollars / ton. In addition, today is the node Sha Steel Wing Steel and other leading steel mills introduced in mid-price policy, is expected to the possibility of flat.
Overall, the macro side of good short-term is still difficult to boost the downstream demand market business mentality has become increasingly stable, today the situation is expected to stabilize the main.



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