Since Return of the Dragon Boat Festival, and met various parts of the country's "rainy day" and "sauna days, coupled with the traditional consumer demand in the off-season, steel prices make businesses miserable.
Rebar, for example, as of the 3rd, the country's 25 major market average steel prices fell. The rebar HRB33512MM the average price of 4266 yuan / ton; HRB33520MM steel average price of 4071 yuan / ton; HRB40020MM steel average price of 4192 yuan / ton. Among them, Shanghai and Hangzhou, two, three dropped to less than 4000 yuan.
Although short-term good of the EU summit, to reach a package of an oral agreement led to the stock market rose in Europe and America, but the market to see still more empty of snails. Of screw 1210 opening 4041 intraday spikes rose to close at 4078, up 0.64%, volume 5502, 659 000 of the positions.
Following the 2008 financial crisis, the steel industry, once again facing a severe economic situation at home and abroad, steel re-emergence of the status quo of the industry in general losses. First Capital Securities analyst Zhang Wenfeng Steel City and the 2008 financial crisis when the apparent factors-were analyzed and found that despite the volatility of the current round of adjustment of the steel city as good as the 2008 financial crisis is so severe, but precisely because of this "warm boiled frog" style adjustment, the enterprise suffers. Analysts expect the current round of Steel City, the boom of the decline have not yet reached the bottom of the adjustment is still likely to continue, the steel industry fundamentals remain pessimistic expectations.
Steel price decline compared with 2008 there is still room
During the financial crisis of 2008, steel prices plunge in just five months, 41.26%, October 2008, steel prices have dropped to 3160 yuan / ton level. Present a Steel City callback, and 10 months but fell 20%, steel prices 20% higher than the 2008 crisis lows.
Subject to four trillion yuan investment plan in the end of 2008, released to stimulate the rapid rebound in steel prices bottomed in February 2011, steel prices rose to up to 5000 yuan / ton, the highest point or 58.2%.
However, in the second half of 2011, macroeconomic vulnerable run, commodity prices fell sharply, steel prices fell nearly 5,000 yuan / ton since August 2011 high of the current 4020 yuan / ton, a decrease of nearly 20%. However, the current price of steel prices and crises in the lowest 3160 yuan / ton, compared to nearly 20% of the distance.
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