Domestic steel prices decline

As the forward price of steel "barometer" rebar futures prices is accelerated test, the confidence in the domestic spot hong kong-listed how much is a "hit", plus the downstream demand for steel has not moderate, Carbon Steel Slip On Raised Face Flange spot steel prices decline is widening.In the recent within a week, weekly decline reached 0.76% of domestic integrated steel prices. Rebar futures accelerated test, as a "direct" cost of raw materials of steel billet steel prices are also falling slightly, the spot of hong kong-listed volume shrink again, so the domestic spot hong kong-listed declines obviously deepened, the main varieties of steel prices generally downward.

According to the analysis, in the plate market, prices fell. The thick plate decline continues to expand, organization of monitoring in more than 20 domestic major markets, Shanghai, wuhan, ASME B16.25 Welding on the pipe end cap tianjin, Beijing, and other market weekly decline ton price of between $80 and $50. Said in the market, the business concerns of emotions in. Relatively low volume has lasted two weeks, no obvious signs of improvement, the downstream demand was no significant production reduction mills, which determines the necessity of hong kong-listed vulnerable. Beijing market in thick plate tons price nearly a month to the cumulative decline has reached 170 yuan. The price of hot-rolled plates volume decline in obvious increase, also "at the bottom of the" mainstream prices down continuously, the market pessimism is obvious. Terminal "buy or not to buy up", hong kong-listed clinch a deal is generally poor.

The hong kong-listed field in the building, weak continues. Shanghai, guangzhou, Beijing, tianjin and dominate the market and the national construction steel price of tons of weekly decline in most regions of between $10 to $60. Poor merchant ship, carbon steel spiral welded tube site procurement rhythm slow. Is only "mediocre" : the market at present in the inventory is not too high, business sales pressure is small, plus the Mid-Autumn festival, National Day double festival approaching, partial businessman there are still looking forward to the site of the first stock.

Iron ore market has "high-profile difficult to sing," overall is stable middle line. In the domestic ore market, Hot dip Galvanized Steel Water Pipe thin wall tube hebei region tiejingfen prices basically stable, steel procurement is still not active, business to market expectations of the late is not high. Imported ore price back slightly, platts 62% grade iron ore index for $135 a tonne, down $1 a week. Iron ore import volume was light, steelmakers even purchase, is given priority to with a small amount of complement, adjust the structure of inventory. Mining city, according to people familiar with imported ore quantity of the arrival of the goods since September than in August, steel mills in procurement strategy will continue to give priority to with watching.