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The domestic steel market rose significantly

  • Categories:Trade News
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  • Time of issue:2022-11-14
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(Summary description)The domestic steel market rose obviously completely in February, to the end of February, the overall rising power of the market is slower. Is the plate market continues to rise in particular can reduce the power of the head, a local product 3 market to provide high 4850, low 4550, has been for more than a week. In the near future, cold plate prices are also in a stable appearance. 1 MMS domestic board the highest quotation 57505500, medium board 6 MMS did not break the level of $4900 / ton forever. The line price has fallen from the first ten days of February. At present, the whole situation is: high stock, high PR ice price, receiving goods relatively slow delivery. For the change of the market in March, is the focus of the market. Industry estimates, in March steel market increases together.

The domestic steel market rose significantly

(Summary description)The domestic steel market rose obviously completely in February, to the end of February, the overall rising power of the market is slower. Is the plate market continues to rise in particular can reduce the power of the head, a local product 3 market to provide high 4850, low 4550, has been for more than a week. In the near future, cold plate prices are also in a stable appearance. 1 MMS domestic board the highest quotation 57505500, medium board 6 MMS did not break the level of $4900 / ton forever. The line price has fallen from the first ten days of February. At present, the whole situation is: high stock, high PR ice price, receiving goods relatively slow delivery. For the change of the market in March, is the focus of the market. Industry estimates, in March steel market increases together.

  • Categories:Trade News
  • Author:
  • Origin:
  • Time of issue:2022-11-14
  • Views:0

The domestic steel market rose obviously completely in February, to the end of February, the overall rising power of the market is slower. Is the plate market continues to rise in particular can reduce the power of the head, a local product 3 market to provide high 4850, low 4550, has been for more than a week. In the near future, cold plate prices are also in a stable appearance. 1 MMS domestic board the highest quotation 57505500, medium board 6 MMS did not break the level of $4900 / ton forever. The line price has fallen from the first ten days of February. At present, the whole situation is: high stock, high PR ice price, receiving goods relatively slow delivery. For the change of the market in March, is the focus of the market. Industry estimates, in March steel market increases together.

The main favorable factors are:

First, the international steel market prices continue to heat up, until the end of February, there is no sign of falling prices, the United States, the European Union, Japan, South Korea, Russia and other countries and regions of domestic demand growth, reduce exports, increase the number of domestic sales is almost all countries to take common measures, some small and medium-sized countries to further reduce or reduce unnecessary import tariffs, import volume increase, therefore, International steel resources are not tight in appearance. In particular, US steel imports increased by 35% in January and February, although the import volume has not yet been announced, the tight situation of US domestic resources is clear, therefore, the international steel market is an obvious favorable factor, need to boom.

Both of these, at present, raw material prices and steel prices billet hot high and fast finished steel materials, the international market of the three cities of the first, cast iron prices hit a record high often. Range and speed, billet finished steel prices rise far faster. At first, the price of materials rose without resistance, push the steel mill production costs rise, the factory price of the steel plant constantly adjusted, at present, the domestic steel plant has been generally monthly factory price adjustment, the contract, the company's house has been all the new mark of high prices, therefore, through a production cycle, flow to the horse with the market resources, the market price will continue to rise.

Third, the soaring price of raw materials will control the production scale of some steel production enterprises, some enterprises will cut production or stop production inspection to determine, the current risk of rising social inventory will decrease.

Fourth, high foreign offers, even with few dishes, have a great impact on long-term contracts and a corresponding decrease in imported resources.

Fifth, entering the traditional month of March, the local market demand begins to increase, a variety of investment funds are in place, and all kinds of engineering projects are fully started. What is more beneficial is that the two meetingses month will inject new vitality into the national economy.

The main adverse factors are:

It first, the price skyrocketed in February, the market growth momentum expressed in advance, people's expectations of demand growth can not be ahead of time. In March last year, cold plate prices began to fall, the market appeared a large number of broken goods, so that the price fell rapidly.

Second, the social stock is rising, receiving goods slowly, the company's capital pressure is large, local areas or a small range of dumping phenomenon cannot be avoided, low prices.

Three, downstream customers under further pressure, performance, resistance to steel soaring each tired ability to reduce production, waiting for steel prices to fall has become a common phenomenon.

Fourth, the state regulation of the excessive investment in the steel industry and the function will gradually appear, the state will invest less funds, strict review of investment projects and other aspects of control the steel industry and closely related industry investment scale, which will mean slower growth of market demand.

In short, the state adjusts to control what God does not.

 

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