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The billets fall further rebar steel price adjustment or vulnerable welcome

According to the forecasts show that by the turnover in the doldrums yesterday domestic rebar market decline increase billet decline more obvious, and at the same time, some market rainstorm, and may further affect the demand today Shagang will release the new one price policy is expected threadThe steel market continues to decline.
 
According to the monitoring data show, the 20th, the average prices of the country's 25 major markets rebar. HRB400 20MM rebar average price of 3795 yuan / ton, compared with the previous day's price down 21 yuan / ton, the the Taiyuan market decline, to 50 yuan / ton.
 
Decline steepened yesterday domestic rebar market, decreased by an increase in the number of markets, and Beijing, Guangzhou and other leading market decline also increased. Prices fell still is a lack of demand, turnover sluggish performance. At the same time, some market rainstorm, further suppress demand.
 
Shagang today the pricing policy introduced in mid-August, the market waiting to see the atmosphere heavier the downstream procurement price cuts expected strong. Tangshan billet market yesterday fell markedly intraday price cuts on many occasions, vulnerable morphology obvious. Iron ore did not slow down the signs of decline. The steel mills bids, coupled with raw material prices continue to fall, expected the rebar market decline is hard to change.



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