Downstream stainless steel with the doldrums Tianjin stainless steel co. , LTD

Market still depressed this week, because any downstream stainless steel belt, the majority of steel mills to strict control inventory is given priority to with on-demand procurement, cause the furnace iron works delayed return to work plan. Individual regions have recently, the south part of the iron works was the government shut down for environmental pollution, causes a decline in the spot market resources, but due to demand the same weakness, so is not too big effects on the price of iron, says most of the iron works price lack of power. Imported ore market fluctuated last week, port spot prices still falling. Week, import ore forward spot prices fell below $90 and then rebound, the whole weeks are in a state of increase. And imports ore port spot is difficult to promotion, partial businessman to alleviate the pressure of the capital, have low price selling phenomenon, therefore there are still cut overall price. Later as the forward spot prices rose, port spot prices stop falling state or. Domestic steel billet market a year low, the overall market remains weak. Last weekend, high pressure boiler tube prices 40 yuan (baosteel Stainless steel belt after the overall market pessimism significantly worse. Until last week, YanGang bidding price 2747 yuan, 61 yuan lower than the same period the previous, largely in line with the majority of the people's psychological expectations, since tangshan regions such as the billet offer edged up slightly, but eventually because of weak steel market, finished product and the stimulation of the sharpening contradictions between the supply and demand, steel billet market fell again, fall to year lows. Currently, iron ore and other raw materials prices in the low position, and the resistance of finished steel sales, thereby moving steel billet market below the cost line and the downstream under double pressures of clinch a deal not free, are still lack of rising power, if a late rebound, also is a flash in the pan, more market prices in the short term is expected to show a range-bound.
north China steel billet price swings down, combined with the billet, finished product delivery are not ideal, adding to the manufacturer's bearish market outlook. It is understood that in recent period of time of tangshan area of finished material market is very cold and cheerless, rolling mill have little profit, common are losing money, continuous casting LianGaChang only have small profit, downstream timber factory production enthusiasm is not strong. As a result, stainless steel belt, purchase quantity and intermediate traders are very few stock up, both common lead to clinch a deal the billet market weakness. In addition, the phase of the screw repeatedly record low last week increased the pessimistic atmosphere of the spot market, the majority of manufacturers of billet afternoon don't look good. Situation at present, weibo rolling profit, capital tensions and manufacturer will continue until the end of the month, so the late production, or collapse phenomenon will continue to increase. However, before the looming as outside ore prices low, ore falling trend is also significantly narrowed, and ore, collective the screw pull up sharply last weekend, or at the bottom of the signal or has been gradually revealed. East China billet prices stabilized before they are loose, clinch a deal the last downturn. Influenced by tangshan billet continuous drop slightly, and east China steel billet shipment, most of the cut billet steel mills and merchants began to offer. Attention and in view of the current situation, stainless steel belt factory price, have said if ore steady or rebound, blank or to the bottom.