Sheet iron alloy and building market differentiation
Iron and steel market continues to decline in steel prices last week remained stagnant. However, according to information gathered by the reporter, steel varieties appeared the trend of differentiation, stabilized construction steel are expected to pick up, sheet market due to the impact of imports and the weak continuity of excess production capacity.
According to an advisory body of iron alloy “I am the steel,” the newest report, on the 17th household iron alloy cost catalogue 119.9 points, down 1.20% last week, the relation down turn 2.80 per hundred last month, more than the identical time span last year is down 41.20%. However, the high line and the iron alloy rebar and other building proceeded for five days last week to hold up impetus, as 17 peak 10 foremost towns 25mm household iron alloy cost 3388 yuan (tons of cost, the identical below), April 10 contrasted to 80 yuan a rebound , the household cost of high-speed cable 6.5mm in 3357 yuan, April 10 more than 93 yuan rebound.
Plate operation are not so lucky, upper production prices of hot-rolled coil and plate the medium price grade has been lower than the tall rope and the medium price grade of domestic steel. In this respect, the Shanghai Federation of Industry and Commerce, Vice President of the iron and iron traders white rule paragraph told reporters that China is already a wide influx of Russian and else countries, alone the lowest warmth coil 380 U.S. dollars / tons, lower than the domestic, the else again the beyond few years due towards iron works onto a lot of hot coil production rope, the severe oversupply of production capacity is expected within May shall be hot coil prices declined.
As for the rebar and wire pole, Shanghai Iron Steel Min Zhang, general executive of the city of Florence that had initiated the restoration of the complete, “the modern Shanghai towards Chengdu, a lot of construction iron products, inventory grades decreased considerably, and within April a number of infrastructure projects activated, 5 , June shall be many, such as the Shanghai-Hangzhou fast rail, etc., so the latter portion of the rebar and wire pole relatively good. ”
According to “My iron and steel,” last week in Shanghai, Beijing, Guangzhou and other major cities in 15 traders in the trend survey, hot coil market outlook still fell mainly Steel is expected to rise.
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