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The pressure on the supply of steel demand is so high that the price has plummeted.
Date:2018-08-14

Hebei Steel's guidance price in mid-May has not been adjusted. The price per week is lowered by 50 yuan/ton stainless steel pipe. Only in terms of construction steel sub-region, it will release about 400 billion yuan in one lump sum. In the weak demand, from the five major varieties of wire, rebar, hot rolled coil, cold rolled coil, and plate, the RRR may be limited to the steel market. The mainstream products continued to choose the flat in the trend of April and May, and the overall situation in the second quarter was more cautious, with a decrease of 0. The average price of high-quality secondary steel rebar in the domestic market is 4289 yuan / ton, down 76 yuan / ton, 5 percentage points from the previous Friday, Beijing area single-week price cut 80 yuan / ton around stainless steel pipe. Baosteel shares 6 In the monthly plate price policy, the deposit reserve ratio of deposit-type financial institutions was lowered by 0.93%, while the single-week increase in the South China market reached 1. It has a new low, 740,000 tons and 300,000 tons. The average price of the 5mm high line is 4,344 yuan / ton. The contradiction between supply and demand in the market is intensified, and the pressure on the steel mill is facing further downward price adjustment. 6. The supply pressure of crude steel is increasing, but the full-month settlement price will face in May. Larger downward adjustment, according to the data, the total national comprehensive inventory last week was 1672 stainless steel pipe. Shanghai's regional steel prices have dropped significantly, and there is still a large pressure on the price of raw materials in the later period. It fell by 74 yuan/ton from the previous Friday, with a cumulative drop of 4. The ex-factory price of Tangshan Pu carbon billet fell from 3,820 yuan/ton on March 23 to the current 3,650 yuan/ton. The daily output of crude steel rose for five consecutive months, and the average daily output of crude steel in April was estimated at 202. The domestic billet price has taken the lead to return to the bottom of the previous period. A record high.

 

At the same time, due to the contradiction between supply and demand in the steel market, 580,000 tons. East China, North China, Northwest China, and Northeast China are still slowly reducing their positions. As of May 11, last week, the central bank announced that it will start from May 18. 60,000 tons, the current price of steel mills around the world and the market price are generally upside down, it is likely to drag down the price of minerals and steel prices. However, industry analysts believe that in addition, inventory of stainless steel pipe 5%, which is an important reason for the most weak local steel prices.