Two Weeks Of Continuous Steel Prices Rose A Sharp Turn Down 15% - Steel Price - Iron And Steel

It is understood that, since August 6, the domestic steel prices from 3 consecutive

months up to down, representing the mainstream of domestic varieties of steel building steel and hot rolled futures, electronic trading price is down consecutive stopped, some of the major cities of the spot market price two days there have been a larger decline in three or four hundred dollars. HC steel mesh As China's economic development fundamental to the well has not changed, short-term steel prices would stabilize after the shock.

8 20, domestic steel prices continue to fall, it is already entered in August the 11th consecutive trading day since the domestic steel prices fell, only Rebar Price from 4,997 yuan / ton down to today's 4,269 yuan / ton, down almost 15%. According to industry experts, the biggest reason the adjustment is pre-steel "up too far", as China's economic development fundamental to the well has not changed, through short-term shocks, the steel prices will gradually become calm.

According to "My iron and steel" network in 15 major cities across the country traders and steel mills this week (August 15? August 21) Some varieties of steel market trends survey, whether or hot-rolled rebar products are mainly to decreased or correction. Lange Steel Information Research Center, Kexin network analysis, this adjustment is due to pre-price "up too far."

Chen Kexin, said China's steel price adjustment caused by many factors. Such as the release of its huge production capacity, appropriate adjustment of the national macro policy, the world economic recovery, uncertainty and difficulty, and highlights such speculative hoarding. Among these factors, the most important factor is early prices are too fast for excessive gains, some foam overflow. Such a short period of time two or three months, frequent increases in prices, driven by tons of steel market price of a 2000 yuan higher, or more than 3 percent. This makes their inevitable price cut, in order to achieve macroeconomic and downstream with the harmonious development of the industry.

Statistics show that China's steel exports this year despite the relatively greater decrease in the previous year, preliminary estimates than the reduction of nearly 40 million tons in 2008. However, after the fourth quarter of 2008, our series of measures introduced to stimulate demand so that domestic steel consumption increased significantly, not only to fully compensate for the weakening export demand gap, but also surplus, leading to more growth in total demand. According to domestic fixed asset investment, automotive and shipbuilding volume growth estimates, first half of 2009, China's apparent consumption of steel for the 315.28 million tons, up 12.3%, converted into the apparent consumption of crude steel up by no less than 10 %.

Thus, the steel price adjustments therefore, not the terminal needs a great problem. Overall, China's economic development fundamental to the well has not changed, the world economy have not changed the fundamentals of bottoming out, steel demand growth entities, the foundation has not changed. Therefore, they have generally agreed that, after experiencing a short-term shocks, steel prices will gradually become calm.

by: gaga

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