According to the forecasts show that pre-continuous steel lowered prices, the market bearish mentality enhanced, while the continued downturn in demand for hot rolled coil stock rising trend is more obvious, and expected short-term continuation of disadvantaged fell.

According to monitoring data show that, on the 20th in 24 major markets of Q235B 3.0mm hot rolled coil average price of 4292 yuan/ton, compared with the previous trading price fell 8 yuan/ton; of Q235B 4.75mm hot rolled coil average price of 4181 yuan/ton, over the previous trading day price fell 6 yuan/ton.

Hot rolled coil prices have more than one domestic market yesterday, including the Shanghai market, the approaching holidays, the market is even more deserted. The pressure of the second and third tier markets in Lanzhou, the price is high, and the stock rebounded, prices have callback. Hebei Iron and Steel yesterday lowered the price policy of the new one sheet, in some areas leading steel distributors to give subsidies. Market as a whole center of gravity further down. For the Festival, merchants generally more pessimistic, expected today's prices continued disadvantaged Yindie.


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