Baosteel Again Opened A "Flat Price".

Yesterday,

At the same time, nearly 30 steel mills including Jiangsu Shagang Group and Hebei iron and steel group have made a "narrow" adjustment to the price of steel, which contrasts with the "flat plate" or the small "tentative" increase in steel prices.

Yesterday, the sales staff of Shanghai opening Industrial Co., Ltd., the main wire rod, thread steel and various profiles, complained to the morning newspaper reporter that "business is very bad now". Compared with September, the shipments of the national day after the national day were almost half cut off, and the demand for the four seasons steel was not good, and there were a lot of "intermediate trade" between traders.

Nearly 30 steel mills push together.

Baosteel's November steel price policy yesterday showed that the prices of hot rolled, cold rolled, heavy plate, galvanized and aluminized zinc were unchanged from October, while pickled product prices rose 100 yuan per ton, 150 tons per ton of hot galvanized steel, 100 yuan per ton of color coated steel plates, and 200 yuan per ton of silicon steel.

Morning paper reporter learned that only yesterday, nearly 30 steel mills have adjusted the price policy, of which the main products are steel, thread steel and other construction steel, but almost all have opened a "flat plate" price, and the adjustment range is not more than 100 yuan per ton.

According to the available data, Baosteel's output price of steel was unexpectedly flat in September, and the steel price policy in October was raised to 150 yuan to 380 yuan per ton.

"Baosteel's ex factory price has risen by a high level, far higher than the market gains."

Hu Yanping, an analyst with China's joint steel network, told the Morning Post reporter that the price range of WISCO and Angang is also the same as that of Baosteel.

At the same time, China's largest construction steel producer Jiangsu Shagang Group introduced yesterday's mid October price policy also showed that the price of rebar remained unchanged, and the price of high-speed lines and coiled goods increased by 50 yuan per ton.

However, the price adjustment data of Shagang in October 1st showed that the rebar, the high speed wire and the coil were reduced by 180 yuan to 250 yuan per ton.

"Shagang's price adjustment itself is very empty, if the bottom is enough, it will not be adjusted after the festival, and there is hardly any turnover during the festival. In addition, Shagang expects to sell better after the holiday."

Sheng Zhicheng, chief information officer of the famous steel spot trading platform "Xi Ben Shinkansen", told the Morning Post reporter that the price adjustment of construction steel has the flavor of "psychological game", which may not be related to the actual supply and demand.

Yesterday, with the Shagang price adjustment of Jiangsu Yong Steel Group Sales Office, a person surnamed Chen told the Morning Post reporter that the current sales of steel "good", estimated to be almost the same as in September, and ultimately depends on the situation at the end of the month.

"Fourth quarter steel prices are not optimistic."

Yesterday, affected by the sharp rise in steel futures, Shanghai's building materials prices closed to high levels, 4330 yuan to 4360 yuan per ton, and 4190 yuan to 4230 yuan per ton from the second line factory.

But only a few businesses receive goods, and the overall turnover is general.

On the evening of October 10th, Baosteel issued the third quarter earnings announcement that the company's net profit in the first three quarters of 2010 increased by 170% to 190%.

The company's interim report issued a three quarter earnings announcement, an increase of 140% to 160%. According to the latest pre announcement, the performance exceeded the market expectations.

However, Baosteel's deputy director Chen Ying said in August 30th that Baosteel's 2010 semi annual performance online meeting indicated that the four quarter steel price will be down compared with the previous quarter.

"The demand for the fourth quarter is very uncertain. It is expected that the situation in Shanghai will be better after World Expo, and Guangdong will be affected by the Asian Games. Then the demand for the north will gradually shrink as a result of the seasonal climate.

Sheng Zhicheng, chief information officer of the West Shinkansen, said that steel prices in the fourth quarter were not optimistic, and the production of steel mills was over. The supply and demand side was expected to decrease, and the demand side was expected to shrink.

Hu Yanping held the four quarter "two high school low" point of view, emission reduction effect of supply reduction will be reflected in October, steel prices are still expected to rise again.

Entering the middle of the four quarter, the market will face pressure from the weakening of demand again, the resumption of production to supply again, and the price of the agreement ore and other factors. The steel market will be adjusted downward again.