Current steel prices from the bottom of the not very far, expected in September, October, will rise slowly, but the rise in the rate will not be too much. "This is the Shanghai Lei enterprise Co., Ltd., general manager Liang Taigeng to accept the" China Metallurgical News "reporter, the market outlook forecasts.
According to Liang Taigeng tracking research on the recent Shanghai construction steel market, the August, rebar market prices continue to shock the fall, the transaction is relatively flat, especially in recent days due to the typhoon to ensure safety, open-air construction works all to stop construction, steel warehouse can not pick up little volume, has no market value, estimated in mid-August, the price may be slow to go down, and gradually fell to the bottom of. With the price dropped to the end of September or October, the rebar market price likely to rise slowly.
Why is expected to rebound in steel prices in September and October? This, Liang Taigeng analysis of the following several factors:
First, the steel mills cut effect will appear. Recently, many steel mills have begun to maintenance shutdown, control capacity, reduce production, the steel intensity of not, the latter may continue to increase steel production requires a process to ease the contradiction between supply and demand, estimated at 9 October to show that this is the support price of steel prices stabilized stabilized steady climb one of the main driving force.
Second is the "golden nine silver ten" into the steel demand season. This year's season will not be too busy, but the season is better than the off-season to be much stronger, but recently the state has adopted a series of steady growth policies of local governments to increase the scale of investment in infrastructure, a number of key projects were launched, pulling power of the steel market demand is inevitably increased. This is a positive factor to support the rebar market price rebound.
The third is to reduce social stock of steel. At present, three the rebar social stocks in the Shanghai area from the early 25 tons down to 220,000 tons, a decrease of 2-3 million tons, to the inventory process is accelerating. However, the steel stocks are still relatively large, the social stock transfer to the steel mills, once entered the peak season demand for the steel trade and the organizational resources will be increased, demand for mid gradual release, coupled with the reduction of steel so that steel stocks to accelerate the digestion, the oversupply situation to ease.
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