Analysis of the hottest steel market the inertia o

  • Detail

Steel market analysis: "steel production inertia" is amazing. The average daily output of domestic crude steel has reached a record high

the "steel production inertia" of the steel industry is still surprisingly strong. In the peak season of traditional steel sales, the actual demand is still tepid, but the average daily output of crude steel in early March set a new record, reaching 208460000 tons

according to the latest market report provided by relevant institutions, the domestic steel market is still in a volatile pattern, the downstream demand is tepid, the prices of raw materials such as iron ore continue to fall, and the trend of rebar futures is also volatile, which makes the mentality of merchants in the spot steel market quite tangled. The prices of different steel spot varieties are mixed, but the rise and fall are not obvious

according to the analysis, in the plate market, the overall price stopped falling and rose. The price of medium and heavy plate ended the decline that lasted for nearly half a month and began to show signs of recovery, but prices in some regions such as Guangzhou still fell slightly. There is a market feature that makes businesses feel helpless all the time: once the price rises, the transaction will be difficult immediately, and then the price will be adjusted downward. People in the market said that at present, the stock pressure of medium and heavy plates in the steel market is not large, and some specifications in some markets may face insufficient resources. Therefore, the price of medium and heavy plates, which have been put into use, is expected to rise steadily in the short term. The price of hot-rolled coil fluctuates in a narrow range, rising and falling. At present, the "upside down" between the ex factory price and the market price of the steel plant is still the same, the downstream demand is released slowly, the merchants' enthusiasm for ordering from the steel plant is not high, and the steel market is in consolidation

in the construction steel market, it is generally weak. After a short consolidation, the futures snail fell sharply again, which had a direct impact on the cash merchants' hearts through the special production process. Recently, the "intensification of contradictions among steel manufacturers" that has attracted attention continues. Due to the decline of spot steel prices, the dealers' holding costs are high and unbearable. In East China (2) when cutting tools, the direction is perpendicular to the fiber axis. Steel traders in some regions jointly "bid" steel mills, unwilling to order and demanding "make up the difference". It is worth observing whether there will be new changes in the relationship between manufacturers in the next step. At present, the stock of construction steel market is relatively high, and the steel price has fallen for nearly a month. Under the mentality of "tighten it when the oil that needs to rise does not contain bubbles", the purchase plans of construction sites and middlemen are delayed, and merchants are under great pressure to ship

Analysts from relevant institutions said that the excessive release of steel production capacity is still causing new pressure on the supply and demand fundamentals of the steel market. In the first ten days of March, the average daily output of domestic crude steel reached 208460000 tons, setting a new historical high, "which is very detrimental to the reconstruction of market confidence". In the short term, there is resistance to the upward movement of steel prices

Copyright © 2011 JIN SHI