The global steel industry has bottomed out
Due to clinch a deal the rut, the domestic steel price continues to decline. “Season difficult prosperous”, the season more than theory. And at the same time, the global iron ore market is again into the downlink channel, the mainstream miners thinks, even if has cut production to pull the ore price upward.
According to domestic well-known steel information institutions “my steel” provide the latest market report, the latest week, the domestic spot steel prices composite index closed at 76.63 points, down 0.56% in a week. At present, the steel futures market weak downward, steel spot prices continue to whole Yin fell, market demand is still poor. Fortunately, steel exports in September the market hit a new high, help to alleviate the pressure of the domestic steel sales. “Golden nine silver ten” “slack season”, followed by the traditional off-season, the steel price businesses expected is not optimistic.
According to the analysis, the steel price field in the building, narrow price consolidation. Shanghai, jinan, Beijing and tianjin tons price fell 10 yuan to 50 yuan a week. In most markets, clinch a deal is still poor, shipment is not ideal, the merchant’s mentality is more pessimistic. North the demand will first enter the off-season, steel prices only “weak and weak”.
In the plate market, the price is down in general. Hot-rolled coil prices edged test, in addition to Shanghai, fuzhou, wuhan market prices rose slightly, other parts of the tons of price fell 10 yuan to 90 yuan a week. Even if prices rose slightly, aggregate demand is not ideal, estimated price is difficult to continue to rebound. Heavy plate prices in the narrow consolidation, jinan, chengdu, kunming and other places tons price fell 10 yuan to 50 yuan a week. Heavy falls in some region downstream demand shrinking, stocks continue to rise, businesses can only try to inventory reduction. Good is relatively slow, the next round of new resources of the arrival of the goods sales pressure can be eased temporarily.
The global iron ore market in the near future a short-lived rebound finally succumb. , according to a new report “nishimoto Shinkansen” in the domestic ore market, the price of iron essence pink hebei region fell, tons of price down to $5 to $10 a week. The recent steel furnaces are increased, the demand for iron ore is abate, domestic ore prices is difficult to maintain. Imports of iron ore prices drop in a row, as of 15, platts 62% grade iron ore index closed at $54.3 a tonne, down $2.85 a week. China’s imported iron ore in September hit a year high, reflects the international mainstream mine shipments increased significantly. At present domestic port iron ore inventories have increased sharply.
Relevant institutions analysis thinks, in market demand more and more weak, market funds more nervous, under the situation of domestic steel price difficult have improved significantly. Steel prices falling or decline eased, can only hope that in the steel mills cut supply pressure drop.
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