The current price of 304 stainless steel with fell to a low - in recent years Tianjin stainless steel co. , LTD

Supported by imported ore price rebound slightly, 304 stainless steel with price also trying to keep steady. But due to the mine in steel procurement policy is still on prices is given priority to, clinch a deal is still not free, later will remain weak trend. Metallurgical coke prices remain weak. Coke market downturn continued weak recently, steel mills in the capital, environmental protection, under pressure to reduce coke procurement, and continue to lower purchase price, price coking plant is quite tough, market pessimism is relatively serious, is expected in the short term market weak hard to change, the upstream raw material prices down overall, makes the production cost of the late steel line move, for the cost of steel prices support. In the short term, the overall anthracite coal production is still in tightening trend, grasps the weak downstream post-holiday demand, domestic mainstream anthracite coal market stability, no changes in prices. Downstream steel pipe demand into the steady phase, coal mine overall downturn in the construction and trade enterprise is relatively negative, orders. Vacation period domestic anthracite coal market running smoothly, prices of basic remain unchanged. Due to overall economic downside risks remain, the growth level against the attitude of the recent affirmation and resolute, gradually implement pro-growth policies and measures will continue to overweight, leading to the overall steel demand recovery and rebound. Moreover, monetary policy is also likely to be positive changes, from directional quasi towards full drop, even cut interest rates, to relieve the strain on market funding problems, reduce the social cost of financing, support the development of the real economy. 304 stainless steel prices fell to a low in recent years, the current continue to fall sharply, and recently many positive factors gradually accumulate, in the short term, steel prices will remain at the bottom of the pattern of shocks, and accumulated upward momentum. Steady demand release. Although affected by the weather and seasonal factors, steel consumption between August fell, traders shipment is blocked, but the recent market clinch a deal the situation overall performance is smooth, no obvious signs of retreat, relatively low inventory levels, can still maintain a dynamic balance between supply and demand. Spot market inventory is still not high, the inventory pressure to steel mills internal transfer, in the late qing inventory level of pressure is mainly concentrated in steel plant, is expected to price will be more competitive; But the current spot market varieties specifications discontinuity, shortage is serious, may be a little release procurement requirements, and steel mills continue to cut after the ex-factory price, delivery speed will also accelerates to the market; Therefore, steel mills, or 304 stainless steel with the spot market, will continue to face increasing the supply pressure.