Steel Market Week Overview: Stopping Up

This week, the overall domestic steel market prices rose mainly, and the long products sheet basically rose synchronously. The destocking and downstream construction turned better, and the pace of demand release gradually accelerated. This week, domestic steel products will usher in a wave of strong rise. In addition, stocks of long products in stocks have risen sharply in the previous period and began to decline this week, and the growth rate of sheet and wire also began to slow down. Another major reason for this week's price increase was due to the general increase in factory prices of the dominant steel mills in March. In addition, the prevailing inverted market continued to experience a wave of upswings. This month ** will be held. The economic policy in 2012 will also be set. ** The good news will support the rise of steel prices. But overall, we should not hold too much hope. After all, the market demand is still generally lower than in previous years.

This week, the construction steel market as a whole showed a slight upward trend, among which the rising trend in Shandong was more pronounced. The mainstream quoted price of the 16-25mm three-tier rebar market at Laiwu Steel reached 4,300 yuan/ton, up by 150 yuan/ton from the previous week. Recently, supported by the international macroeconomic conditions and the gradual recovery of the downstream, the market price is consolidating upwards. At present, from the perspective of market performance, the recent turnover of merchants has rebounded, traders have more goods between them, and the shipping speed is still acceptable. The average level of large-sized households' shipments is equal to normal, and the business mentality has improved compared to the previous period. Recently, facing a new round of de-inventory, the inventory pressure has eased from the previous period. The market supply sources have sufficient specifications, and the price of steel mills has expanded slightly. The cost support is increasingly evident. For the next week's trend, most of the current businesses are slightly cautious. First, the overall market inventory pressure continues to rise, the pressure of steel mills is passed on to the market in advance; second, the majority of the goods in the early stage are the middlemen to reverse the goods, and the downstream site consumption is not obvious. Third, at present, the local market is gaining momentum too fast. Merchants are not in a hurry to ship and wait and see gains. Taken together, the current funding for the construction site is still relatively tight, and demand will show up as a phased increase. It is difficult to continue to pull up quickly. It is expected that the market will increase slightly next week.