China Steel Information

The last day before the holiday, the nation's major market steel prices unexpectedly comprehensive stabilize run, the market mentality is basically in a peaceful state. According to market monitoring: As of the close, the average price of 25mm rebar 3614 yuan, down 20 yuan from last Friday; 6.5mm high line average 3564 yuan or 16 yuan; 5.5mm hot-rolled average price of 3,710 yuan, down 37 ; 1.0mm cold-rolled average price of 4,807 yuan, down 24 yuan; 20mm plate average price of 3,754 yuan, down 26 yuan.

This week, the domestic stock market fell nearly 3%, steel futures prices fell more than 2%, leading to poor market sentiment. Despite the recent market turnover situation has obviously improved, according to statistics the country's 29 major cities in construction steel, hot-rolled coil, cold rolled coil, plate the total inventory on the decline, but still high inventory levels of all varieties, businesses pressure is still large, strong willingness to return the funds by demand season, pay close attention to the shipping, very price and even pull up the price of power shortage. Short term, although shipments will continue to be maintained at a high level, 51 postganglionic stock will continue to decline, but the premise of the high-yield, for the subsequent arrival of resources concerns, a single from the spot market level, it is difficult to pull prices rebounded significantly. Poor economic conditions, unless the country has a more powerful stimulus policies we mentioned before, Hebei began efforts to cut one-third of steel production capacity policy implementation, the steel market will have a turning point.

This week, the the prices of sheet metal market of domestic continue to slightly lower, especially is the hot rolled steel plate volume Product Price, the of its financial property is the strongest, to follow the steel futures, the trend of the in the long-term electronic disk Price is the more obvious, decline is also of the relatively large. But the all over the, of all varieties sheet metal decline in the prices of compared to with the last few weeks has been distinctly narrowed from the, This with the that have a great relationship on the the heavy volume of of the demand. Week of hot-rolled coil, cold rolled coil, plate stock declined.

Labour Day, the overall level of demand is still expected to continue to enlarge the sales of businesses still remain at a high level. But now higher than the same period last year about 20% of the inventory levels, the formation of a greater pressure on the dealer, so that the price level is difficult to significantly improved. However, if the domestic stock market, steel futures market prices after the holiday can rebound, the stock market there may be some improvement. In a two-day weekend, the domestic stock market, steel futures, electronic trading are not opening, the all varieties spot steel prices have remained stable. But greater impact on of the steel billet Price the trend of the spot price goes low continuously in the weekend two days, the two days of the cumulative decline in reached 40 yuan, As of press, the Tangshan region Carbon 150 billet Price for the 3.16 thousand yuan, reached a the the lowest level in in the this year after the Spring Festival. From the billet market trend during the holiday season, the Festival steel spot market is still not optimistic. The domestic steel market wants to get rid of the dilemma, but also the national macro-stimulus force to appear. There is also a way out is the the domestic steel mills be able to take the initiative to of the. These two from the the the the current signs of point of view, the short-term within the both the difficult to achieve. However, there are a little might be interested in the latter part of the market trend the formation of the policy of the important influence in the we need to focus. Recent media reports, Hebei will be a 1/3 cut in steel production capacity. Mainly is out of to the environmental considerations, the use of the environmental protection means to achieve the abatement of the steel production capacity. In in 2012, the Hebei crude steel production 1.8 billion tons, the average monthly 15 million tons, minus 1/3 is the 5 million t. We need to focus efforts in May this policy implemented and the specific implementation, if you really can have this amount, the market will change, the market price may rise significantly.

Steel Trade From China

Major cities of China steel storing decreased by 47 million tons last week: As of last Friday (2013-4-19) the five steel of the major cities across the country (rebar, wire rod, hot rolled coil, cold rolled coils, steel plate) social steel stocks totaled 2084.25 tons, a decrease of 4.7 million tons compared to the same period in the previous week, has increased qoq, Description of steel the destocking has accelerated, especially rebar market turnover improved markedly.

Consistent decline in the domestic construction steel market last week, by the capital market crash, the market mentality was shocking, merchants offer have been lower. In addition, although recently with the weather warming, the downstream site starts increased procurement requirements than in the past, an increase in inventory of construction steel market decline, but demand for the release speed is far less than "to stock" speed "to the inventory the process seems to be rather long, and also restricting the process of the construction steel market thoroughly warmed. According to latest statistics show that China Iron and Steel Association, crude steel output of the key enterprises in early April 1.6973 million tons, an increase of 2.14 million tons, ten-day growth of 1.28%; national forecast crude steel output of 2,123,900 tons, an increase of 5.2 tons, late growth of 2.51%, a new record. The current point of view, on the one hand, a continuation of the high-volume, on the one hand, high inventory status quo, construction steel market substantive improvement in the pace will be slow down significantly.

Monitoring shows that as of April 19, China 10 major cities 25mm rebar average price of 3634 yuan (t price, the same below), down 60 yuan over the previous weekend, down 99 yuan over the same period the previous month. First-tier cities all fell, the decline in the $ 20-110 range, a drop of up to 110 yuan Shanghai, Beijing, Tianjin, Xi'an, Chengdu or 60-90 yuan, other cities fell 20-50. 10 major cities in 25mm rebar average price of 3,595 yuan, 50 yuan, down from last weekend, down 91 yuan over the same period the previous month; Hangzhou, down 110 yuan, down 60-90 yuan Beijing, Chengdu, Shanghai, Guangzhou, Xi'an , Wuhan, Shenyang and other cities down 10-50. China 10 major cities 6.5mm high line average 3580 yuan, than last weekend, down 47 yuan, down 74 yuan over the same period the previous month; Zhengzhou flat, Beijing, Guangzhou, down 80-90 yuan, other cities fell 20-50 million.

Hot rolled coil: monitoring shows that, as of April 19, the average price of 10 major domestic cities 5.5mm hot-rolled coil is 3747 yuan, down 105 yuan over the previous weekend, down 194 yuan over the same period the previous month; Beijing, Shanghai,Hangzhou, Shenyang, Tianjin or 100-150, Zhengzhou, Xi'an, Wuhan, Guangzhou, Chengdu, down 80-90. Inventory, according to statistics, as of April 19, the 29 major cities hot rolled coil inventory reached 4.536 million tons, compared with the same period last week, an increase of 14,600 tons, an increase of 0.32% over the same period the previous month by 3.07% , 1.06% lower than the same period last year. The leading city of the South Shanghai Stock 1.13 million tons last week by 30,000 tons, an increase of 2.73%; Guangzhou inventory of 77.8 million tons, down 0.5 million tons more than last week, a decline of 0.64%. The dominant northern city of Tianjin, the stock market is 529,000 tons, down 0.8 million tons more than last week, a decline of 1.49%; Handan 14.8 million tons, down 04,300 tons, a decline of 2.84%.: monitoring shows that, as of April 19, the average price of 10 major domestic cities 5.5mm hot-rolled coil is 3747 yuan, down 105 yuan over the previous weekend, down 194 yuan over the same period the previous month; Beijing, Shanghai,Hangzhou, Shenyang, Tianjin or 100-150, Zhengzhou, Xi'an, Wuhan, Guangzhou, Chengdu, down 80-90. Inventory, according to statistics, as of April 19, the 29 major cities hot rolled coil inventory reached 4.536 million tons, compared with the same period last week, an increase of 14,600 tons, an increase of 0.32% over the same period the previous month by 3.07% , 1.06% lower than the same period last year. The leading city of the South Shanghai Stock 1.13 million tons last week by 30,000 tons, an increase of 2.73%; Guangzhou inventory of 77.8 million tons, down 0.5 million tons more than last week, a decline of 0.64%. The dominant northern city of Tianjin, the stock market is 529,000 tons, down 0.8 million tons more than last week, a decline of 1.49%; Handan 14.8 million tons, down 04,300 tons, a decline of 2.84%.