Steel Prices Continue To Fall Or Fall

The pain of enterprises will come again - steel prices will enter a cycle of continued decline.

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 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.

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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.

In addition, according to Lange Steel's tracking of various domestic steel prices, 17 steel prices have dropped this week.

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."

In recent months, the operation of iron and steel enterprises has eased to a certain extent compared with that of last August and September.

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.

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.

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 industry believes that domestic factors are the main reasons.

Analysts have expressed the same view that "the price of steel will probably continue to fall in the near future."