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Face Caution In Baosteel'S Price Increase

2008/12/29 0:00:00 32

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For the Chinese steel market in the low season, Baosteel's anti season price rise last week is undoubtedly inspiring.

However, the steel market that has been used to price reduction has not applauded Baosteel's price increase, and the reaction is generally more cautious.

The reporter comprehensively and comprehensively believes that Baosteel sees more factors in the price adjustment, aiming at reducing losses.

For the steel industry, it only releases a signal of market stability.

Steel companies can feel "stone" for the new year.

Compared with the high steel price in June this year, the steel price decline for 5-6 consecutive months has made the market accustomed to price reduction, and the biggest worry is whether it will re appear in October.

Baosteel's price adjustment obviously gave the market a "reassurance" to maintain stability.

The reporter noted that Baosteel raised the steel price in February 2009, including the increase of 100-200 yuan / ton of hot rolled products, the increase of 300 yuan / ton of cold rolled products, the increase of 340 yuan and 250 yuan respectively for galvanized and hot-dip galvanized products, and the maximum price of color coated products reached 450 yuan.

As far as this price is concerned, Baoshan Iron and steel products are still in a state of loss.

Take 3.0mm hot-rolled products for example, the price adjustment is 4027 yuan / ton.

Higher than the market 200-300 yuan / ton, but still a loss of 300 yuan / ton.

Anshan Iron and Steel Co., Ltd. in January, the price of hot rolled products increased to 3826 yuan / ton.

Up to 410 yuan.

Losses are still hard to avoid.

Therefore, more analysts believe that Baosteel's price adjustment is mainly due to seeing that the market stabilizes, and the price rises on the homeopathic side, while reducing losses, it also stabilizes the "Army spirit".

The head of a medium-sized steel plant with a steel production capacity of 300-400 tons in Handan area was very calm when he talked about Baosteel's price adjustment, and he didn't show much excitement.

He said that before the market is very sensitive to Baosteel's price cuts, as long as the price of Baosteel comes out, everyone will rush away.

And Baosteel's price rises are more cautious.

Now the market is basically stable, but the price is not high.

Good products are good for steel mills, and bad products are still in short supply.

The person in charge admitted that the steel plant is now being resumed, and none of them has been shut down, but almost every family is in a state of limited production.

His own furnace now cuts production by about 30%.

Orders are also short-term.

"Good days" is still a luxury for steel mills.

The response of traders is also rather dull.

Although stocks have been dropping, there is not much in hand.

For 09 years before the Spring Festival hoarding goods, we are still more cautious, did not appear with the hot wind phenomenon.

Traders are common understanding of the market stability, can the market be able to reverse the upward trend of reversal, lack of confidence.

We also have a clear understanding of the resumption of steel production in the immediate area. Once the area of resumption of production continues to expand, the pressure on steel prices will be very high.

After all, market demand is still weak.

On the whole, in the 09 years, it is also difficult for the domestic steel market.

The loss of steel industry is still the top priority. Overcapacity of 1 billion tons is not a decimal. Demand lifting needs time to be released, and export slump is expected to reduce 20 million tons of steel exports, which is a great pressure on the domestic market.

目前，由于其他國家貨幣對人民幣大幅貶值，300－400美元/噸的超低價熱軋產品已經開始向中國市場小批量出口。世界第一鋼材生產大國——中國面臨鋼材“回流”的壓力。盡管寶鋼提價按道理講，會對市場產生正面影響，但現在還看不出來。

Editor: vivi