Since early June, with the economic fine-tuning policies have been introduced, the billet manufacturers confidence in the steel market has been enhanced; at the same time the leading city of Tangshan billet supply declined, so the billet market the opportunity to rebound in the stock market of a wave. But did not last long, due to the unstable state of mind of the billet poor end demand and downstream manufacturers, it can not store blanks, so then the price of a slight correction of the stock market. At present, the billet supply and demand than less market the pessimism growth concentrated in the case of poor stock market, futures and the environment at home and abroad, and their prices will emerge to continue dropping slightly the market.
The continuous decline of the stock market since mid-April, Tangshan billet market, the market pessimism is strong, traders have low Paohuo, minimizing the hands of the inventory. At the same time, with the decline in billet prices, steel profits decreased, and a loss state, some steel mills in order to reduce losses, increase the yield of finished products, thereby reducing sales of billets, individual steel blast furnace overhaul June, billets, supply has decreased. With the introduction of fine-tuning policy, some preliminary repair roll manufacturers gradually resume production, leading to the billet increased demand on the market billet stock resources are limited, so manufacturers the opportunity to pull up the billet offer. Billet prices, market demand does not continue to release, so then the billet prices showed a slight correction situation. Tangshan steel billet market supply and demand than less, and Shangqie balance between supply and demand.
Is not only a decline in domestic steel prices, the manufacturing growth rate down the impact of European and American countries, the international steel market prices in May the chain but also from up to down. Among them, the prices of long products remained stable, but the sheet metal prices come down significantly; compared with the same period last year, long, plates are more obvious. In addition, North America, Europe, market steel prices down as well, only a small section in the Asian market, steel prices have risen.
From the recently published series of data, domestic and international manufacturing growth down as well, face greater pressure on the downstream steel demand growth. According to the National Bureau of Statistics, 1 May, the national investment in fixed assets, real estate development investment year-on-year increase of 20.1% and 18.5%, than the one in April, down. In the major steel industry, the growth rate of general equipment manufacturing industry, the automotive industry, railways and ships and other transportation equipment manufacturing, electrical machinery and electricity, heat production and supply industry and other major steel industry continued to decline.
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