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This week, domestic steel prices generally lowered.
- Dec 21, 2017 -

This week, domestic steel prices generally lowered. In some areas, due to the limited production in the heating season, the steel mills are in the stage of limited production stoppage. The supply and demand stalemate still exists in the market.Manufacturers have different attitudes and are more cautious in operation. This week, domestic steel prices generally lowered. In some areas, due to the limited production in the heating season, the steel mills are in the stage of limited production stoppage. The supply and demand stalemate still exists in the market. Manufacturers have different attitudes and are more cautious in operation. The following is a description of Iron ore and Billet.

 Iron Ore: The iron ore market has been steadily stronger this week. This week, the United States refers to a firm 70 US dollars, miners mentality boosted. Sub-market: Anhui Platts obvious follow-up, big ore pricing to a certain extent, but due to limited production of environmental protection, only a small amount of transactions; Inner Mongolia iron ore resources into a state of scarcity, traders have more to Mongolia , Coupled with snowfall day after day increased freight charges, Baotou market overall rise; environmental protection in Shanxi is now over, both buyers and sellers are normal market, but the pre-environmental protection County mineral resources to make tight, miners willing to quite strong price, on behalf of County mainstream ore slightly stronger; Hubei representative steel mills for 45 days of the maintenance program, the powder into a cut-off state, but still high market prices in Huangshi run; outside the ore, the ore prices follow the Iron and Steel rose sharply in the week and soared, The latter part of the week due to the demand of the mainstream can still be strong and run. Overall, although the  burden on the furnace burden side has risen sharply in the near future, the profit per ton of steel from mills is still over a thousand. There will be replenishment operations for ore powder before the end of the year and it will not unduly suppress the ore price. Iron ore is expected to continue in the short term gains slightly.

  Billet: The billet price in Tangshan plunged this week, down 90% from the same period last week. Billet trend this week, down all the way, prices continue to decline, straight hair difficult trading, traders billet shortage of resources, high offer, would rather not traded nor choose to cut prices, spot low turnover in general, the trading environment as a whole weaker. Monday to Wednesday, the price cut during the black line low spiral run, business sentiment downturn, the general decline in prices of finished products, the overall poor performance of the transaction, the market spread of pessimism, buy up or not to buy psychologically, mentally cautious. Market opened Thursday morning, some of the billet factory in Tangshan pulled up 10 yuan, driving the steel market sentiment, then raised the price of finished steel, the overall performance of the transaction rose after the bullish, good turn, the spiral spiral red shock adjustment, the market mentality has been warming, Afternoon prices continue to chase 10 (up 20). Billet prices in other parts of the country basically follow the ups and downs of Tangshan, in some areas affected by the heating season of limited production, steel mills are in a stop-state, the market is at a price out of stock phenomenon, brokers more wait and see attitude. Consider the two days Tangshan billet price more, some businesses began to bargain-hunting operations, and the limited production capacity of steel, strong offer will be more intense, it is expected next week, billet prices fluctuate between 3850-3900.