Last week cut message of domestic steel mills maintenance increased significantly, the steel market were boosted by many steel market in the weekend turnover improved. 30 more rebar to stabilize the market rebound, hot rolled coil market majority stabilized.
It is understood that the increase in steel overhaul cuts information, market confidence has been restored. Over the weekend, Beijing, Taiyuan businesses to control shipments, prices have to pull up the momentum. Monitoring shows that, on the 30th to dominate the market in Shanghai, Beijing and Tianjin, rebar generally rebounded in afternoon mainstream secondary steel prices generally rebounded about 40 yuan / ton, three rebar rise of 20 yuan / ton, the Beijing market The three steel rose as high as 60 yuan / ton. The rebound in the price of the mainstream market, other parts of the country has been driven, Nanjing, Taiyuan and Chengdu, second and third tier markets rebound, Nanjing, and even the rise of more than one hundred yuan.
Tangshan billet in the afternoon on the 30th of 30 yuan / ton rebound. In addition to the rebar and billet, hot rolled coil market sentiment has improved, Shanghai, Tianjin, and music from the leading market prices generally stabilized. Cold rolled steel plate market still fell.
Steel production as the key to stabilize the steel prices rebound, coupled with early declines in the prices is too large, the individual regions of retaliatory reaction, cut effects, as well as downstream demand can be sustained on the price formation of support, but also difficult to determine the price rebound height still needs to be seen.
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