According to the previous forecasts show yesterday, the decline in domestic steel prices has slowed down, part of the market line rebound, but the general downturn in the steel market transactions, and because of low resources to reduce the downstream purchasing a wait-and-see mood once again increased, short-term steel prices difficult nowrebound.
According to monitoring data show that the 26 average in 25 major markets rebar prices. HRB400 20MM rebar average price of 3827 yuan / ton, compared with the previous day's price fell 26 yuan / ton, Shijiazhuang market fell to 90 yuan / ton.
Steel prices continue to decline in most markets across the country yesterday, only the East part of the market stabilized, while the price of the north and southwest Northwest to continue to decline. By the heat or rain weather, market demand is difficult to sustained release. With many leading steel mills continued to fall in prices, the businesses most extended losses. Market line of tight resources, as well as steel mill maintenance shutdown effects, continue to test the pull up, but the follow-up resource supply will be in place, is expected to rebound can not be sustained.
Continuous crash, accompanied by the steel mills maintenance production information increased, the market mentality has improved, but many rebar businesses are still bearish outlook, select the shipping-based. And steel repair cut the intensity remains to be seen, the business-to-price increases are more cautious. Short-term prices are expected to effectively rebound difficult.
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