Four gold and three silver is the traditional domestic steel consumption season, however this year, four gold and three silver is dull, and starting in mid-April, steel prices and gradually entering the downward path, decreases significantly, part price record lows for the year. Since April, the national liberal policies, frequency, but the actual demand for steel starts may still take some time. The short term, the market is still weak, but regional differentiation and variety trend may appear.
Adjustment of the steel city mainly because since April growing imbalance between supply and demand, varieties, long decline greater than the plate, but had better plate falling are large. As June early, thread steel average decreases for 280 Yuan/tons, part area up to 300-400 Yuan/tons; General hot, and cold of decreases more in 100-200 Yuan/tons, the adjustment in the plating zinc decreases minimum, only 30, and 40 Yuan/tons around of decreases, but in the thick Board products part area decreases also up to 300-400 Yuan/tons, is sheet in the decreases larger of varieties. We believe that this adjustment is mainly due to the poor economic data at home and abroad, national real estate regulatory policy remained tight, downstream of major steel demand has not showed a significant improvement, coupled with the recent high crude steel output in continuous innovation, which in turn prompted the domestic steel market fully down. Building steel affected by the slowdown in infrastructure construction and real estate industry a greater impact, and downstream industries such as shipbuilding slump dragged down the plate products.
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