Demand Outlook Of Rebar Worrying Shanghai

China steel futures rose for a fifth time in six sessions on Friday

, reflecting some optimism demand in the world"s biggest consumer may revive, although it remains uncertain just how significant that pickup would be.Henan Hongxing Mining Machinery Co., Ltd is a joint-stock mining machinery manufacturing enterprise integrated in scientific research, production and marketing. It is located at the High & New Technology Industries Development Zone of Zhengzhou,China with an area of 50 thousand m2 which includes 15,000 m2 of standard heavy duty industrial workshop. Equipments are more than 160 pieces, including large and medium sized metal processing, riveting and installing equipments. There are more than 660 workers including 80 administrators with secondary and senior occupational titles and engineering technicians. In order to promote the competitive strength, the advanced technologies have been introduced from America, Germany, Japan and Australia, which established the international advanced production line, first-class modern testing base as well as research centers of sand maker, mill and mine-selecting equipment. Scientific management, advanced processing technology and innovative manufacturing theory make the company become the mining machinery manufacturing and exporting base in China.

That uncertainty has prompted caution among buyers of iron ore, steel"s raw material, with sellers holding off on further price increases for imported cargoes in China. Offer prices for Australian and Brazilian iron ore in China were steady on Friday after rising by $4 to $5/t from last Friday to Wednesday when some Chinese steel mills refilled stockpiles and traders bet on further price gains.The most-traded October rebar contract on the Shanghai Futures Exchange rose 0.4% to 4 296 yuan ($680) a ton by the midday break. It has risen 1.7% so far this week, its second weekly gain in a row."Chinese mills have not bought iron ore for a long time so there"s some demand coming in, but this may only be sustained for one to two weeks," said a physical dealer in Shanghai."We are not sure whether the steel market can recover enough to support more iron ore buying beyond that.Highlighting slow demand, China"s steel production has been mostly steady at low levels since the year started. Daily crude steel output stood at 1.67-million tons from February 20 last year versus 1.70-million tons in the previous ten days, latest data from the China Iron & Steel Association showed.On an annualised basis, the latest daily rate comes to 620-million tons, below last year"s output of 683-million tons. Iron ore with 62% iron content edged up 0.1% to $143.20 a tonne on Thursday, according to Steel Index, matching a level last seen on February 8.Iron ore was flat on Wednesday after a seven-day rally that lifted the price to three-week highs. "Many players question whether price increases can continue, but some steel mills need to restock - reports suggest inventory levels at a few (mills) have fallen to 7-10 days," Steel Index said.A drop in prices of forward swaps suggests market players were looking at spot rates declining, with the Singapore Exchange-cleared March contract down $1.31 at $139 a tonne and April off $2.04 at $136.71.As the professional manufacturer of complete sets of mining machinery, such as Vibrating feeder, Henan Hongxing is always doing the best in products and service.Cement rotating dryer:http://www.crusher-machine.com/24.html Ore spiral classifier:http://www.hxjq-crusher.com/22.html

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