As long as the fundamentals are unchanged, construction steel city offer a tentative rebound, large single exploratory dips into the market, are destined to "blip". According to the latest market report, Ruoshi reluctantly pulled, has been shown to be wishful thinking. With the finished lower steel prices, steel city, or will enter a new round down channel.
According to the monitoring, Shanghai construction steel prices finished lower. T price of to Shanghai Zhipin two rebar on behalf of specifications in about 3630 yuan a week, up 20 yuan; to Shanghai Zhipin three rebar offer in about 3730 yuan per ton a week, up 10 yuan. Market participants to describe the process of steel prices, "l flash flash drop": steel prices continued to slump in July, the recent increase in steel production maintenance program, and slightly ease the market panic, coupled with a steel futures contract in 3700 yuan t price mark to get some support, some of the "hunters" demand began to try the "big one" admission, Hangzhou area once per tonne of steel rebounded to 150 yuan. But just a few days, turnover from strong to weak business mentality again weakening steel prices also will be at first glance l fall ".
At present, the large steel pressure on pricing is difficult, the loss in expanding production is difficult to be drastically reduced. According to the relevant summary information, the domestic construction steel manufacturers is "difficult choices" in the latest pricing. Originally part of the higher priced steel prices Budie; section close to the market pricing of steel, would take advantage of the market price "flash up" machine, a slight increase in the ex-factory price. According to the China Steel Association statistics, the large and medium-sized steel enterprises in the first half profit fell 96 percent, the profit margin of only 0.13%. If the net investment income, the actual loss of $ 1.3 billion in the first half of the iron and steel industry. Expected loss of iron and steel enterprises may be further expanded in July. Mid-July, mid-ring of the estimated amount of average daily production of crude steel than was an increase of 1.8%, reflecting the substantive production of iron and steel industry has not fully started.
Iron ore price decline after a little "stabilized". Actually, the price relationship between irrational ore and other raw material prices, if the adjustment is not in place, the plight of the steel industry only "worse". On the market, including mine in Hebei iron concentrate prices have been stabilized vulnerable. The steel mills of raw materials inventory, though it is generally low, but not in a hurry to purchase or to consume the inventory-based, so the ore market turnover is relatively light. Outside the mine prices rebounded slightly, 63.5% grade iron ore fines in India offer about $ 124 per ton, compared with the previous week rose slightly to $ 1. Mid and late July of imported ore prices continued to fell sharply relative to domestic ore began to show a price advantage. Part of the recent steel a small amount of replenishment, the price rebounded slightly. However, with the expansion of the scope of the domestic steel mills overhaul cuts, the latter part of the demand for iron ore will decrease the rebound of the price of imported ore will be difficult to sustain.
Relevant institutions analysts believe that just two or three days in steel prices rise, too too short, it is difficult to be regarded as a price rebound, "the apparent lack of stamina" in Ruoshi can be seen as only a small spray. There is still space for further price cuts and the makeup of the late steel, the Steel City will face a weakening demand for lower cost "pressure, steel or will enter a new round down channel.
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