Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Steel prices lower than the low for the year Steel City suspected "hot cold"

 
 
"Rainy day" and "sauna days" overlap replacement in July, the summer just around the corner, asphalt drying out greasy to do the business of the steel business, however, I am afraid to within the cold outside heat continue to be helpless, and the business a bad cold is also normal. Transaction desolate desolate pockets, the mentality of how "hot"? More urgent the more dry, business, although the cold cut can not be heat stroke to do the hot weather "cover is not hot" current vulnerable downturn in steel prices.
One hundred yuan away: hot-rolled prices lower than the low for the year
By market transactions downturn, domestic hot rolled coil market has been flagging, and by the end of June, the market prices tumbled again, mainly hot rolled coil market price has fallen below the lows in February of this year, is described as "more than low also low. "
The market data shows that the July 3, 28 major markets in 2.75mm and 5.75mm hot rolled coil market mainstream average transaction price of 4266 yuan / ton and 4135 yuan / ton, down 112 yuan, respectively, as compared to June 1 / t and 91 yuan / ton;, respectively, compared with the low in February of this year, 134 yuan / ton and 119 yuan / ton.
Regions, the Shanghai market: 2.75mm and 5.75mm, hot rolled coil market mainstream transaction price is 4260 yuan / ton and 4090 yuan / ton, down 70 yuan / ton and 50 yuan / ton, compared with the June 1, compared with February 17, down 60 yuan / ton and 120 yuan / ton. Tianjin market: 2.75mm and 5.75mm, hot rolled coil market mainstream transaction price is 4100 yuan / ton and 3980 yuan / ton, down 190 yuan / ton and 140 yuan / ton, compared to June 1, compared to February 17 low 230 yuan / ton and 140 yuan / ton.
More hot rolled steel trading business: macro, cost of sales of its own market judgment
Throughout the country, hot-rolled dealers generally agreed that poor market demand is the main reason for a prolonged slump in the domestic market price of hot rolled coil. "This year, the most intuitive feeling is, no matter the terminal demand or intermediate demand is not active."
Shanghai: A hot rolled coil dealer said, "since the end of June, the main warehouse of the Shanghai market, hot rolled coil Kaiping amount of the marked decline in the current the Kaiping amount has been maintained at between 11000-13000 tons.
Another dealer said that from the early trend of imported ore prices fell to $ 130 / ton in the vicinity, continues to plumb the possibility of a sharp reduction in the current steel prices down, but the iron ore prices have been stable, its support the enhanced role of the steel prices.
Tianjin: hot rolled coil distributors reflect the end of June, Tianjin, hot rolled coil market prices decreased significantly, to a certain extent stimulated the turnover of the amplification, the part of dealers in the market on cheap small purchases, the intermediate demand slightly rise, but the overall turnover is still not ideal.
Music from: The dealer said that current market prices continue to fall resistance. First, the state has adopted a series of steady growth measures, the short term, investment is still the most effective means of stimulating economic growth. Is expected that these measures will begin to show results in the third quarter, which is conducive to the recovery in steel demand. Second, the current market price has fallen to the steel mills near the cost line, late the cost of supporting role will be revealed.
Current despite the expected market prices continue to fall is unlikely, the dealer about the future is not optimistic, still take a low-inventory operation strategy.



Other News:
Iron and steel industry in the short term is difficult to reverse
How to clean the NSK Bearings
Taiwan Diaoyu Islands boats sail to Diaoyu Islands to see the three joint Diaoyu
Mold manufacturing and processing technology
State Council think-tank recommended full liberalization of the second child: th
Stumble endlessly Steel City will continue to weaken
Prevent KOYO bearings overheat pre-load and pre-pressure
Spain will launch additional deficit reduction measures