Has expired in mid-June sultry continues, the performance of the steel city, you can use the "boring and cold" to describe the bleak days of May, given the lingering haze of Steel City, at the end of a short-lived rebound, but also Things month Kyoka come, easy go, good to cut interest rates gradually decline, the European aspects of the game continues, the economic data continues to slump, the message to continue reporting only bad news, which should not have come to have did not come to the Steel City is still Waiting for Godot.

Visually from the price level, the recent trend of the market is still weak, a word to describe the long weak board weak, poor turnover this sentence every day on paper, has become commonplace to pass out from the downstream industry a variety of data are not optimistic in the face of sluggish demand, any news of the good have become clouds, from the performance of the steel, demonstrated a cautious attitude, Baosteel during the year for the first time industry-wide compared with significantly lower prices, this approach is not alone, because of subsequent Sha Steel, Wuhan Iron and Steel and other leading steel mills are to follow suit, steel mills operating, on the one hand, heavily weighed on the market rebound, "arrogance", on the other hand also a certain amount of space reserved for traders operating tangle, and the quoted market price such as Dull Knife cut out meat, although not a large area of ??lower prices, but all regions the sporadic Yindie or become the norm.

Recently, the National Bureau of Statistics announced the May crude steel output was 61.23 million tons, the average daily crude steel production of 1.975 million tons, a decline of 2.5 percent this year, the second highest. "Gold", the demand never seen the dawn of yield objectively Zhimakaihua, continuous incremental market laid a heavy hidden, the roar of the machines will run as the screams, the intensity of the enterprise production control production far far failed to meet market demand. High productivity and low turnover, brought about is the hidden dangers of the social stock market as a whole to maintain a "weak equilibrium" state, that is, the checks and balances between low demand and low inventories, but this phenomenon is gradually diluted, whether duration is still unknown.

Released in May by the General Administration of Customs import and export data show that 5.23 million tons, steel exports in May by 560,000 tons, compared with April again this year over 5 million tons, also hit a new high level since July 2010. Compared with the same period last year, steel exports in May increased by 9.87%, but the situation should be mainly due to seasonal factors, in recent years in May, the basic export data are more optimistic, while the RMB exchange rate plunged and the U.S. economy The slow recovery also support the rebound of the surface of this data to a certain extent, but compared to the weak domestic demand, favorable export data are not prominent, and the rebound in exports is also difficult to sustain.

In fact, the message has been toward the positive, to the unexpected interest rate cut from the end of last month, to the recent Greek side election of the confidence boost, but the habit difficult to welcome a weak spot face short-term substantial rebound.


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