Steel Prices will be trend of rising in China

Relative to the same period in 2012, the level of steel prices this year as a whole compared to last year were down 200 yuan / ton; peak of the first half of last year, steel demand for the release in late April to May, so it seems that this year should be according tolikely go with the original track; specific point of view, we believe that steel prices this month to usher in a real rebound, you may need to explore from the following aspects.

Enter mid-March, the market reaction turnover improved, but by the author's observation, the downstream buyers become very cautious, multi-demand procurement, rarely concentrated replenishment; description of this stage downstream sectors of the steel market has always held a cautious wait-and-see attitude. In fact, with the nearly two years since the global economic slowdown, the steel industry and downstream industry boom of the obvious fall in the raw materials and other cost control more strictly, the downstream industry is too concerned about the changes in the steel market, further forcing steel post cast more tangled. In this way, the actual demand if there is no real release, depends on expectations has been difficult to easily pry the big changes in the steel city.

From Steel Association released the latest data show that until the end of the end of March, the key steel enterprises internal steel stocks fell about 800000-13700000 t, amounting to ten days for the first time to drop, while at the same time last week, the social stock of steel continuous the third week dropped to 21.62 million tons; inside and outside the steel stocks double down; greater amount of end demand for the release. Ching Ming Festival, this acceleration to the inventory may further increase the high probability event. So for a long period of "price depression" steel market, pull up the grounds, after the festival, sufficient to illustrate this point, the businesses active pull-up will significantly enhance the performance of the market.

From the General Administration of Customs recently latest data show that in March China's steel exports 5.28 million tons, an increase of 4.97%; 1-3 months of total exports of 14.43 million tons of steel, an increase of 18.8%. In March, China imported 1.23 million tons of steel, down 3.15%; 1-3 months of total imports of 3.23 million tons of steel a year-on-year decline of 5.3%. In March, China's imports of iron ore was 64.55 million tons, an increase of 2.67%; imported a total of 186.48 million tons of iron ore in 1-3 months, unchanged from the same period last year. - March, China's steel export volume is the highest since 21 months, the focus is also broke the 500 million tonnes mark.

Generally speaking, China steel prices will have some changes in this month, but the key factors should be decided by the trends of economic. And we can be sure, according to the rising of economic, the demand of steel will rise, like steel plate, steel coil, galvanized steel, and galvanized angle iron will get more demand in the next month.