Steel Prices Continue To Fall Or Fall
After several months of continuous rising "sweet" period, steel The pain of enterprises will come again - steel prices will enter a cycle of continued decline.
After last week's first fall, part of this week Steel price Continue to callback, and has shown the downward trend. As of yesterday, the price of various types of plate and H steel in Shanghai area has dropped, ranging from 20 to 60 yuan, and the total cost of the snails, the general line and the high speed line has dropped by 100 yuan, while the round steel has dropped 30 to 40 yuan.
The price of cold rolled sheet in Beijing market has also dropped sharply compared with the previous level, which is as high as 100 yuan per ton. The price of construction steel in Changzhou market also plunged, or around 100 yuan per ton. In Tianjin, the price of all medium and heavy plates in the market has been cut by 50 yuan yesterday.
At the same time, some steel mills have begun to adjust them. Steel products A Ex factory price 。 Yesterday, Tangshan Guofeng reduced the factory price of the hot-rolled narrow strip steel by 100 yuan, and the factory price of the hot-rolled narrow strip steel was adjusted to 3280 yuan. The 2672 factory also lowered the ex factory price of rebar 50 yuan, and revised the factory price of 16-25mm screw steel in Hebei area to 3740 yuan.
Honggang of Shougang has reduced the factory price of angle steel by 200 yuan, and the current price is 3710 yuan per ton. In addition, according to Lange Steel's tracking of various domestic steel prices, 17 steel prices have dropped this week.
"In general, domestic market Demand for steel is not as optimistic as previously predicted, and has not really improved. " For the falling steel prices, Guoxin Securities analyst told reporters that "the situation of excess capacity will continue to exist, and it will be unrealistic to mitigate it in the short term."
Analysts believe that Steel price In recent months, the operation of iron and steel enterprises has eased to a certain extent compared with that of last August and September. Alleviate crisis As a result, some factories have lowered their factory prices. He also believes that the stock of steel now has increased again in the past few weeks, and to some extent, it has led to a fall in steel prices.
Analysts also pointed out that the world Steel prices continue to slump The performance of China's steel exports declined significantly, which is also one of the reasons for dragging down domestic steel prices. At present, the international demand for steel is not optimistic. It is very difficult to recover to the previous level in the short term.
Overall, the oversupply of world steel in 2009 is a foregone conclusion. According to the data released by the General Administration of Customs in February 11th, China exported 1 million 910 thousand tons of steel in 2009 January, a decrease of 1 million 260 thousand tons in the ring ratio and an export volume of about 2 billion 353 million US dollars, a decrease of 1 billion 580 million US dollars.
"The international downturn will affect the domestic steel market to a certain extent, but on the whole, the reaction in the domestic market will really affect the price of steel everywhere." The industry believes that domestic factors are the main reasons.
For the next few weeks, the industry has judged that despite the many favorable factors before, the recent decline in steel prices is not possible. Analysts have expressed the same view that "the price of steel will probably continue to fall in the near future."
Editor: vivi
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