Steel prices a slight rebound
 
Market desperate steel prices rose slightly continuous, according to Lange Steel Information Research Center monitoring data show that, following a slight rise after the 27th, yesterday the construction of steel a day rising twice tired up $ 40-90 / ton.
 
Steel prices in the long fall, the recent emergence of a slight rebound in the upward momentum can be sustained long? Steel City "winter" is not necessary to have passed? In fact, a lot of steel trading business rebound in steel prices is not "cold" .
 
"The proper rebound is a normal phenomenon in the development of the market, this round of the rebound will not last long." Jin Dayu Trade Co., Ltd., chairman of Yan Fei analysts believe that the destocking really complete? Needs whether these factors are restricting the rise in steel prices.
 
The Jiyu Ming Steel Trade Co., Ltd., general manager of accounting for Ming the same that the rebound will not be long. "This round of rebound of the market has little effect but will play the role of a stabilized."
Steel prices rebound only because the steel pricing in order to be able to acquire more points profit. Therefore, the current round of rebound remain for some time after August 10 will be dropped 3500 yuan is the reserve price. "The extension Jianye trading Co., Ltd., general manager Wang gold analysis.
 
Steel prices rebound, but the Next Change, depends on the duration and magnitude of the rebound in steel prices. "Wang Guoqing, deputy director of Lange Steel Information Research Center, told reporters," bounce a long time, amplitude, Next fell foreshadowed; bounce time is short, small amplitude, then the next step may decline. "she believes that the current supply and demand is still quite serious, so the trend of steel prices have further to observe.



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