Sheet iron and construction market differentiation
Iron and iron alloy market extends to down turn in iron alloy charges last week stayed stagnant. However, as asserted by data accumulated by the reporter, iron alloy diversity emerged the tendency of differentiation, stabilized building iron alloy are anticipated to choose up, sheet market due to the influence of trades and the feeble continuity of surplus output capacity.
According to an advisory body of steel “I am the steel,” the latest report, on the 17th domestic steel price index 119.9 points, down 1.20% last week, the relative decline 2.80 percent last month, more than the same period last year is down 41.20%. However, the high line and the steel rebar and other construction continued for five days last week to keep up momentum, as 17 top ten major cities 25mm domestic steel price 3388 yuan (tons of price, the same below), April 10 compared to 80 yuan a rebound , the domestic price of high-speed wire 6.5mm in 3357 yuan, April 10 more than 93 yuan rebound.
Plate performance are not so lucky, higher production costs of hot-rolled coil and plate the average price level has been lower than the high line and the average price level of domestic steel. In this regard, the Shanghai Federation of Industry and Commerce, Vice President of the iron and steel traders white rule paragraph told reporters that China is now a large influx of Russian and other countries, only the lowest heat coil 380 U.S. dollars / tons, lower than the domestic, the other over the past few years due to steel works on a lot of hot coil production line, the serious oversupply of production capacity is expected in May will be hot coil prices declined.
As for the rebar and cable rod, Shanghai Iron Steel Min Zhang, general supervisor of the town of Florence that had started the restoration of the entire, “the latest Shanghai to Chengdu, many of building iron alloy goods, inventory grades declined considerably, and in April several infrastructure tasks begun, 5 , June will be more, for example the Shanghai-Hangzhou high-speed rail, etc., so the last cited part of the rebar and cable rod somewhat good. ”
According to “My metal and steel,” last week in Shanghai, Beijing, Guangzhou and other foremost towns in 15 traders in the tendency review, warm coil market outlook still dropped mostly Steel is anticipated to rise.
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