The forecasts show that the domestic leading steel mills in the weekend released a new one prices, Sha Steel rebar prices remain stable, Baosteel prices decline narrowed. With steel stocks continued to decline, the market stabilizing factor has been enhanced, short-term steel prices will be within a narrow range.
 
According to monitoring data show that last week, the domestic steel prices continue to fall, the decline slowed down gradually. The average price of the 25 major markets rebar rose on the 10th of HRB400 20MM rebar average price of 3808 yuan / ton, compared with the previous day's price rose 2 yuan / ton, is down 32 yuan / ton last week.
 
Last week, the decline in domestic steel prices gradually stabilized, short-term market fell less space. Weekend the Shagang introduced in mid-August, construction steel prices policy, which rebar prices remain stable, or conducive to the further stabilization of the market mentality. The same time, the in rebar social inventories is five weeks in a row decline, data show that last week rebar inventories continue to decline, the lowest since February this year.
 
However, the macro data released last week show that the downward trend of the domestic economy has not been effectively suppressed, and short-term demand will remain depressed state prices vulnerable situation may also be difficult to improve. Expected that steel prices will remain range-bound.



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