It is predicted that Monday, the steel market continues to dive, market panic exacerbated by the end of financial pressure increases, together with the European debt crisis escalated overnight outside the disk is a general fall in rebar short-term market decline is still hard to slow down.
 
According to monitoring data, 23 in 25 major markets rebar prices fell sharply. HRB400 20MM rebar average price of 3918 yuan / ton, compared with the previous day's price fell 62 yuan / ton.
 
By the weekend, billet crash Shagang price cuts and other bad effects of the country's 25 major market steel prices fell across the board yesterday, and most of the market intraday several times the price adjustment, market panic mentality has intensified. Prices fell sharply, the downstream waiting to see a more obvious market transactions continued downturn trend.
 
Near the end of the market funding pressures continue to increase, while the macro-policy side has not yet cut the deposit reserve ratio and other measures introduced. Overnight outside the disk debt crisis in Europe continues to upgrade, and a general fall in commodity and stock market, the domestic stock market may also be in below the the end of the early "diamonds". Macro and market itself generally weak confidence is low, short-term market panic is still hard to be eased, the price decline may still be large.



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