Large steel mills began to follow up
 
It is reported that Hebei Iron and Steel in August wire, plate, screw ex-factory price adjusted upwards by 100 yuan / ton, steel flat in July, ex-factory price. Plate price is still Heavy 50-400 yuan / ton, but the rate has been generally lower than previously Baosteel, Wuhan Iron and Steel, Anshan Iron and steel mills. In addition, Hebei Iron and Steel in July the settlement price of the main products is also higher than previous market is expected.
 
Hebei Iron and Steel Group sales department who said to the author, this round of some varieties are raised has a direct relationship with the week before the steel market's rebound, but determining whether the
market as a "reversal" is still too early.
 
"We tend to be described as 'the bottom of the uplift' mainstream steel prices are expected to rebound 200-300 yuan / ton will enter a consolidation phase now appears that some varieties have been to this or these people said. For the current downstream demand, he said, in August compared to the organization of the contract for July will be "more smoothly some" is still not clear, but the demand for improved performance.
 
Data show that as of July 23, the major domestic the market Zhipin two rebar 25mm average price of 4055 yuan / ton last week, five raised by 187 yuan / ton; 6.5mm high speed wire average price of 4078 yuan / ton, Friday's rise of 206 yuan / ton.
 
Rebound or hinder the limited production process
 
Analysis pointed out that steel single week rallied nearly 5 percent, bargain-hunting demand rush of admission, the strong rise of the raw materials market and the market thinking up the emotional focus on the outbreak and are the main incentives.
 
Market losing streak in March, traders into a comprehensive Fukui, pull up mentality. Traders funds face off with a strong "buy the dips" impulse, resulting in the middle of the circulation demand for the release.
 
In addition, imported iron ore is also a change in the decline of a few months and actively follow up the current round of market. July 26, 63.5% Indian ore outside the disk offer has exceeded 140 U.S. dollars / ton, and within a week or more than 10 U.S. dollars / tons, the port yuan price of 1060 yuan / ton, while the price of coke is relatively stable, Click here to estimates, two thread completely manufactured The cost of 3910 yuan / ton. This means that the ore price on the cost of support of the current steel prices are still evident.
 
However, the rebound of the steel city may make the market high hopes for the steel mills to limit production process to be affected. North China there are many small steel mills, processing purchase billet higher flexibility for the market to adjust the production plan. The recent steel rally good, industry is concerned that this may greatly stimulate the enthusiasm for production of small steel mills in the region, early shutdowns of the enterprise may be rapid resumption of production. Which in turn may increase the number of market supply, thus preventing the further elevation of the steel prices.



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