According to the pre-forecast iron ore prices this week decreased continuously, steel billet price has continued to decline. At the same time, local transaction performance is still. The negative factors gradually increased, the steel market will continue to decline.
 
According to monitoring data show that on the 16th, the average prices in 25 major markets rebar. HRB400 20MM rebar average price of 3826 yuan / ton, compared with the previous day's price fell 6 yuan / ton, Kunming market rises 20 yuan / ton; Beijing market fell 30 yuan / ton.
 
Rebar market rebound phenomenon disappeared yesterday, an increase in the number of market prices. Beijing, Nanjing and other parts of the market turnover improved slightly, but prices are still not stabilized. Tianjin and Shanghai, and other leading market turnover is still in the doldrums. Market as a whole vulnerable form still does not change.
 
Yesterday, at the same time, billet prices fell again to 30 yuan / ton, while imports of iron ore prices this week decreased continuously and no slow down signs of decline. The drop in prices of raw materials, but also further the impact of the steel market, the market focus may still be down. China Steel Association yesterday released the monthly report, the market outlook is more cautious, expected late prices will remain low volatility trend. Negative factors of the short-term increase in steel prices is expected to continue Yindie momentum.



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