Last week, the steel price call-back slightly and the turnover is week. The significant change compared last week is the steel industry market. Last week, the steel mill price shows a stable or upward trend. From this week, the steel factories shows a divergenced attitude.
Some steel factories show a resolutely attitude with a high price. But in the West and East China, the price starts to show a downward trend. It is mainly because the crude steel daily production starts to increase since the first ten-day period of June, but the market stock drops continuously. “Upward and downward” shows the steel industry market risk starts to turn to circulation domain.
In the short term, the billets keep a firm price and maybe rise slightly. And it supports the spot goods market mentality. CAMELSTEEL predicts that the national price will be adjusted narrowly. And some special varieties will show a high price slightly.
But after the middle ten days of July, with the ease of capital problem and the ending of monsoon, the supply of marketing terminal will show again and the market should be expected in the next half year.
The Steel industry consists of companies engaged in the extraction of iron ore and coke coal beneficiating for the processing of iron and steel. The industry includes metal ore exploration and mining services, iron and steel foundries for smelting, rolling, forging, spinning,recycling, stamping, polishing and plating of iron and steel products such as pipes, tubes, wire, spring, rolls and bars. The Steel industry excludes value-added wires, springs and industrial components, classified in Industrial Machinery & Equipment; and electrical wires, classified in Electrical Components & Equipment.
All contents of this website, including text, pictures and other copyright are owned by CAMELSTEEL. Our Company reserves the right to investigate the legal liability of the users who unauthorized use without permission.