Construction steel inventories increased two weeks steel price season continued to fall

Relevant institutions, according to data from the last week ( On September 16 ~ 22) Major domestic construction steel market price swings down, led by the north China market. Analysts believe that the domestic steel prices are still expected to disadvantaged consolidation. The Mid-Autumn festival season, shagang steel used bibcock issued the latest rebar price. Since mid-september for high speed wire rod and rebar, set screw down after 30 yuan, 21, shagang for line, continue to make its 50 - screw, rebar, etc 80 yuan, specific for: Ф 6 now. 5 mmhpb300 carbon line executive price 3640 yuan/ton; 8 mmhrb400 Ф disc screw executive price 3660 yuan/ton; Ф 6 mmhrb400 plate screw price 200 yuan/ton; Ф14 - 25 mmhrb335 thread executive price 3550 yuan/ton. Shagang price for price declines since the middle of August. Analysts expect, with shagang cut policy, estimated late there will be other steel mills to follow the price. Shagang group but the cut is a blow to the market price. Started in July, our country all economic data are slowly recovering, and in & other; Protect floor & throughout; Since the second half, such as policy, whether it's railway construction areas, turn shantytowns into new housing areas, or real estate investment, etc. , have been improved obviously. Why steel prices will slow price? Relevant experts believe that in the past in the past time, China's steel market is in a stage of destocking, in this process, the downstream demand has the serious be overdrawn, this led to the golden nine anemic. Thread spot market volatility fell, futures trend also continue to weaken, volume decline in three consecutive weeks; The price has been down. Relevant institutions of inventory data showed that the steel stocks have been rising for two weeks, steel mill capacity release speed up, gold nine consumption less than expected, the domestic steel prices in September, the traditional consumption off-season weak. Analysts believe that steel production release speed, low end demand performance, the national steel inventories in the traditional consumption off-season from fall to rise, the market confidence to form a larger. Together with this week is a end of the month, and at the end of the third quarter, a tighter market financing area would obviously domestic steel prices are still expected to disadvantaged consolidation.