Slightly higher prices - stainless steel belt Tianjin stainless steel co. , LTD

Today's domestic steel prices continued to fluctuate narrowly, stainless steel with a slightly higher price, but the hot rolled plate and heavy plate prices in the weaker adjustment, the beijing-tianjin callback, cold-rolled market stabilization. Steel price or will stabilize the transition. In the capital market in today's strong adjustment yesterday go up in succession, rebar futures, futures such as hot rolled coil plate, pull up iron ore futures also rose slightly red, but the volume is less than yesterday, and from all lines are arranged as well as the supporting point of view, not assert that reversal, still need to adjust in the short term. Had begun to save the property market and macro market, nanning district first gun, officially below relax restrictions, prime minister lee has also said the key construction of the Yangtze river economic belt break the barrier of the administrative division, have certain to boost confidence in the market. By shanxi provincial governor and then ask the coal rescue measures to carry out the news influence, after the Shanghai composite index fell 2000 points in pan, also suffered a big money and goods coal stocks pull up the main factors that lead to the market, but also to form certain stable capital market confidence. Must run, stabilization of capital market on the spot market play a positive signal, but the contradiction between supply and demand of hong kong-listed is still outstanding, crude steel production sustained high, stainless steel belt need a cyclical downturn in structural adjustment, ore blocks financing risk will be associated with the l/c up and picked up on the margin, and alert to the steel price conduction, and the mild tighter liquidity pattern becomes the current steel prices to a big market of the most important factor. So, tomorrow's steel prices are expected to give priority to with stabilisation, may still need to be careful in the market. Iron and steel industry in our country present the serious excess capacity, market demand and environmental constraints, the decline of the efficiency, industry, and heavy losses in serious situation, to accelerate the dissolve excess capacity contradictions, strict controls of new capacity, backward production capacity.
today's domestic steel prices continue to decline. As upstream billet prices continue to callback and capital market downward phase plate, stainless steel belt are keep falling, adjustments to further increase, the second - and third-tier cities with fell rapidly, too. But from the perspective of regional changes in the early stage of the northern and central rise faster glaring area of area is the wave of price adjustment, and the north-south gap reasonable return can also help the stability of the market. Clinch a deal, however, as the spot price downward, hong kong-listed also gradually decline, near the end of the collection order pressure and steel mills new resources are in place, the market active shipment mentality more highlights, low-cost resources, lead to steel prices continue downward. Combined with capital market adjust efforts to strengthen in rebar and hot rolled coil plate futures, hong kong-listed short-term hardly better. Current iron and steel industry overall bearish fundamentals, the economic downside risks remain, the structure is determined to increase, and the tone of shrinking liquidity in the international market, the M2 growth dropped sharply in March have failed to reversed transmission regulators on easing, stainless steel belt still maintain a tight monetary policy, central Banks today on the open market for 28 days, 100 billion is the buyback, maintain the drained a tone. In the short term, steel price weakness or will continue.