Shoe Machine Focus: Steel Prices Will Run High In The Second Half Or Half Year

In the afternoon of June 29th, more than 600 iron and steel workers gathered in Zhengzhou to participate in the first China Central steel trade summit in 2008 jointly sponsored by the Henan Business Economics Association and China steel trade network.

"As the cost of raw materials continues to rise, it is expected that steel prices will remain at a high level in the second half of this year, but will not be ruled out."

Iron and steel traders and traders from Henan, Shandong, Hebei and Shaanxi make judgments.

In March this year, the cost of steel enterprises rose sharply, steel companies raised the factory price; in late March, steel prices hit the peak for the first time; the second rush peak occurred in early April; May entered the oscillation period, and fell in mid June.

Liu Zhigang, director of the planning department of Angang sales company, said that the downstream industry has been concerned about the business strategy of enterprises under the pressure of high cost. This shows that the industry's bearing capacity for the sharp rise in steel prices has reached the limit. "In the second half of this year, steel prices may be at a high level."

"Although the overall price may be running at a high price, some of the product prices will fall back."

Wugang price information chief Xu Junbo said.