Market clinchs a deal still deviation - 304 stainless steel belt Tianjin stainless steel co. , LTD

Last week in east China steel billet market price shock consolidation, 304 stainless steel belt market clinch a deal is still deviation. It is understood that although the tangshan market rebounded, but because of weak demand, falling ore cost and downstream on-demand procurement generally, lack of market hype climate, poor overall shipments of billet. During the individual steel mills to pull up a city, the effect is not big. Steel mills early low order better, less late new single. Steelmaking pig iron market this week general is given priority to with weak stable, individual regions slightly downward, steel procurement cautious, causing the ship iron works poorly. Due to the early stage of the market expectation is too high, most of the iron works the backlog of inventory is more, the steel market has not recover, led to the recent iron works with production, the production, the part of the boiler manufacturer has not yet have a construction plan, individual to digest inventory of iron works of quotation is lower. Downstream of the foundry industry recession, most of the foundry mainly according to the demand for small batch purchase. Increase in steel mills and the casting unit purchase demand, some iron works began to take on delivery. More than the price of casting pig iron price is relatively high, the market has a price without the city, more than the actual clinch a deal with a single discussion is given priority to, the merchants of late most bearish market. Total domestic coke market significant signs of stabilizing, 304 stainless steel belt market clinch a deal is still generally, coke prices so mainly wait-and-see. Jiao qi to stimulate individual shipment, clinch a deal the price is favourable. Most areas affected by rising steel prices, with an increase in the price of coke factory will, but because of the steel mills purchase quantity has not increased significantly, so the actual transaction is given priority to with stability. Lower steel prices rose but failed to extended gains this week, and the actual clinch a deal the situation has not improved, steel market to stock performance is still slow, therefore has not been raised on coke procurement prices. Looking at the current situation, in steel prices in the short term is difficult to a significant improvement, individual regions not rule out the possibility of steady fall in the coke market, overall or will remain stable. Last week,
the shape of the billet a slight rebound in north China market, dominate the city of tangshan billet offer four days after the first rose steadily, the market strong wait-and-see atmosphere. Affected by the festival purchase nearly stalled, tangshan steel billet in the Dragon Boat Festival holiday has fallen 30 yuan. And although the first day of the holiday period screw is still low, because of the small billet market resources, so the steel mill accident to pull up, billet market rebound. Due to funding pressures continue to increase, however, at the same time the downstream 304 stainless steel with low volume, so the steel mills remain cautious wait-and-see attitude stability. Since the tangshan market gains little, tianjin, shijiazhuang and other places billet prices after the continuation of consolidation; And wuan region because of the section steel plant resources, billet delivery quantity are very few, so manufacturers offer firm; Shanxi region because of loose clinch a deal the weak high resource prices.