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Continued downturn in steel prices after the bottoming out

This year, the steel market downturn, the continuous decline in prices, many steel business operators complain incessantly. However, since last week, steel prices have bottomed.
 
Yesterday, the reporter learned from Taizhou Housing and Construction Planning Bureau cost at this year, steel prices continued to fall, the current selling price is about 3700 yuan per ton, compared with the same period last year, down about 1400 yuan / ton, a decline of up to 27%, the lowest point in nearly three years. Operation of the steel business difficulties, losses, market and even panic.
 
However, since last week, the steel market prices began to rebound, and the price of a daily 30 to 50 yuan / ton rose slightly, and has been rising continuously from 120 to 150 yuan / ton.
 
"The prices for us, can be described as a needle 'doping'". Taizhou the Genpo metal trade company is a the Jiaojiang a larger steel company, the person in charge of the company, the steel market downturn in the first half, the volume of transactions fell, refrain from many merchants selling at a loss, but now, steel prices accelerate the pace of the shipping business.
 
For the price increases, businesses are divided, some businesses think that part of the steel production, steel production decreased, the market's decline in resources, positive for the latter part of the market.
 
But there are also some businesses that, despite the current cut, but under high temperature and funding pressure, steel demand is difficult to pick up the prices is only temporary.
 
Jiaojiang Hill steel trading market in a steel "a while ago, the steel price is too low, now just bounce back, but if the overall steel production is also a state of oversupply, the price will not rise too much." the provider believes that the next, or the possibility of stabilization of steel prices will not rise and will not fall any further.
 
The reporter also learned that the steel prices, but also the future of the property market is expected that the steel supplier. The annual September and October is the peak construction period, which also means that there may be the wave of rising prices of steel prices.



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