The late stainless steel belt is also facing pressure adjustment Tianjin stainless steel co. , LTD

Stainless steel with sideways this week. Rely on environmental protection, inventory, steel production in front of the hype up basic came to an end, and imported mineral ore spot market turnover obviously not free this week, with hong kong-listed downstream, billet accelerated decline, combined with the iron, vulnerable than screw, ore next week outside the downside risk is bigger, is expected to be around $80 range. Domestic ore, steel mills is intended to control the procurement costs, but by their own factors, such as low inventory, capital pressure execution is difficult, the pattern of confrontation between supply and demand in the short term is difficult to change, the domestic ore market next week is expected to remain weak steady running. From the current trend of the iron ore market, the characteristics of the buyer's market has appeared. First is the supply of iron ore resources of increasingly rich, the excess supply of iron ore market has become an indisputable fact that overseas products of mining enterprises continuously shipped to China's ports, and sales of inventory. Followed by mining enterprises between the increasingly fierce competition, the international mining giant hope that through expansion, improve market share, squeeze the living space of small and medium-sized mines; Emerging mine, hope that through the cooperation with the buyer to obtain stable market share, Australia, Brazil and other parts of the mining enterprises compete or Ming or dark. Finally, iron ore prices because of oversupply and increased competition and rapid fall, has been under equilibrium and the marginal cost of line, and as a result of the low cost expansion of the mining enterprises to move down. It is thought that stainless steel belt suppliers in the monopoly position in the market will continue to restrict the arrival of the buyer's market. Indeed, the international mining giants and the unequal status of iron and steel enterprises in the iron ore market is still no fundamental change, but from the actual situation, under the market environment of supply as well as China's steel industry under the unceasing effort to advance the market transparency, international mining giant has become increasingly difficult to through its dominant market position of iron ore prices, the market dominant position is weakening. And threaten, weak growth is showing signs of deflation, in the current capacity is still expanding, hong kong-listed nissan steel quantity still record time under the condition of high steel prices it is difficult to have significant improvement, potential and under the condition of ultra falls the twitch of also only small struggle. Capital markets rebar futures, hot rolling futures after the first two weeks of struggling upward, weaker form a pattern of short again in this week, the economic situation is still unrest, combined with the periphery or it is difficult to form a pattern of reverse in the short term, weak trend or will continue.
overall, after hong kong-listed rebound benefit from the supply side contraction, along with positive policy digest, and demand are not substantial recovery, steel prices rose gradually weak. Macro economic weakening in the third quarter, resulting in the stock market, the overall market pressure, a further blow to market confidence, steel price short-term or disadvantaged concussion. Recently the north construction steel prices have take the lead in the callback, 'south north material' asymptotic, late stainless steel belt is also facing pressure adjustment.