Reuters: steel prices bottomed out the Chinese steel market off-season does not light

Since July, according to foreign media, China's steel futures, spot, raw material prices rose, served in the first half of this to the entire are in & other; Falling off & throughout; Hong kong-listed brings a ray of dawn. In before entering the second half of golden nine silver ten ', China's steel market demand off-season or exceeded expectations, thus support steel prices bottomed out. According to Reuters news agency reported on July 12, the personage inside course of study thinks, with steel stocks continued to decline, the steel price decline or has ended, entered the stage of consolidating chassis. Although temporary China's crude steel consumption off-season to nissan remains at record highs, with characteristics of bellwether baosteel steel prices in August with negative attitude and two months after the cessation of cut, and to provide evidence that judgment. Report points out, the domestic steel prices also rose to a certain extent, have indeed some steel mills have raised ex-factory price of steel in early, range of about 100 - tonne 300 yuan, but there are still a customer to follow up, China's overall steel demand is poor may not have imagined. Not only that, export support steel demand is expected to a certain degree. Although June steel export performance, but steel export price per ton in early July 10 - had been raised 20 yuan, and proved to have overseas customers on the list. According to the survey, by the end of 2013 on July 5, steel stocks 1512 major domestic cities. Fell by 890000 tons, 16 consecutive weeks, down 2 compared with the same period in 2012. 29%, negative growth for the first time since late February. And the China iron and steel association, the latest statistics show that crude steel production enterprises in late June 176. 240000 tons, the increment of 1. The aim of 70000 tons, rose 0. 97%, a record; The crude steel production forecasts for 218. 120000 tons, the increment of 1. The aim of 70000 tons, rose 0. 78%. According to the report, for now, that the height of a wave of steel prices rebound is quite limited, after all, China's macro economy remains weak, and the steel market supply and demand contradiction, especially overcapacity situation is still grim. But according to the study of the personage inside course of study points out, the prospect of steady growth policies, including the expectations of strict environmental protection policy is also the impetus of rising steel prices, and the future trend of steel prices more hope on policy factors, including the propulsion of urbanization, environmental protection areas, turn shantytowns into new housing areas, such as storm.