Domestic steel prices, rebound obvious!

Last week, steel prices rose 2.1% from last week, all varieties of steel concrete as: building steel overall lows, including Shanghai, hangzhou, nanjing, east China market rebound is the largest, an average of 140 yuan/ton; Medium thickness plate rise in small increments, tianjin is still the national lowest price area, 20 mm mainstream market price is in 3300 yuan/ton; Hot and cold rolling market prices rebound, hot rolled up more than cold rolled; The large and medium-sized wood continued low consolidation, consolidation range on average 20 yuan/ton.

But analysts believe that the spot price of the overall rise, mainly affected by the steel futures prices. But according to the current market supply and demand ratio and inventory, the rise in prices was destined to just arebound, rather than the bottom price inversion, and the future of steel prices will present a small volatility.

In early October, the domestic crude steel production to maintain at a record high of 1.69 million tons, whether it is a large steel mills, or small and medium-sized steel mills, production will is not strong, resulting in domestic steel stocks also break through the record high. According to "steel" network statistics, in October this year, the average inventory level is increased by about 50% last year.

The personage inside course of study says, the futures market, it is difficult to drive the entire steel spot market continued to be strong, the future domestic hong kong-listed second "destocking" inevitable.

Although the steel mill did not intend to production, but in the present market inventory and digestion, the cut is inevitable in the future. Hebei iron and steel group, market management department Han Weidong said that this round of production cuts may be slow, because every steel production are implemented only after below cost price. He is not in the fourth quarter of this year, the estimated time of production is in the next year.