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 operation are not so lucky, upper production prices of hot-rolled coil and plate the medium price grade has been lower than the tall rope and the medium price grade of domestic steel. In this respect, the Shanghai Federation of Industry and Commerce, Vice President of the iron and iron traders white rule paragraph told reporters that China is already a wide influx of Russian and else countries, alone the lowest warmth coil 380 U.S. dollars / tons, lower than the domestic, the else again the beyond few years due towards iron works onto a lot of hot coil production rope, the severe oversupply of production capacity is expected within May shall 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 iron and steel,” last week in Shanghai, Beijing, Guangzhou and other major cities in 15 traders in the trend survey, hot coil market outlook still fell mainly Steel is expected to rise.

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