Iron and iron alloy market extends to down turn in iron alloy charges last week stayed stagnant. However, as asserted by data accumulated by the reporter, iron alloy diversity emerged the tendency of differentiation, stabilized building iron alloy are anticipated to choose up, sheet market due to the influence of trades and the feeble continuity of surplus output capacity.
According towards an advisory body of iron “I am the steel,” the latest inform, onto the 17th domestic iron price index 119.9 points, down 1.20% last week, the comparative deteriorate 2.80 percent last month, many than the equivalent period last year is down 41.20%. However, the tall rope and the iron rebar and else construction persisted for five days last week towards keep up momentum, as 17 top ten principal cities 25mm domestic iron price 3388 yuan (tons of price, the equivalent below), April ten contrasted towards 80 yuan a rebound , the domestic price of fast wire 6.5mm within 3357 yuan, April ten many than 93 yuan rebound.
Plate performance are not so lucky, higher production costs of hot-rolled coil and plate the average price level has been lower than the high line and the average price level of domestic steel. In this regard, the Shanghai Federation of Industry and Commerce, Vice President of the iron and steel traders white rule paragraph told reporters that China is now a large influx of Russian and other countries, only the lowest heat coil 380 U.S. dollars / tons, lower than the domestic, the other over the past few years due to steel works on a lot of hot coil production line, the serious oversupply of production capacity is expected in May will be hot coil prices declined.
As for the rebar and cable rod, Shanghai Iron Steel Min Zhang, general supervisor of the town of Florence that had started the restoration of the entire, “the latest Shanghai to Chengdu, many of building iron alloy goods, inventory grades declined considerably, and in April several infrastructure tasks begun, 5 , June will be more, for example the Shanghai-Hangzhou high-speed rail, etc., so the last cited part of the rebar and cable rod somewhat good. ”
According to “My iron and steel,” last week in Shanghai, Beijing, Guangzhou and other major cities in 15 traders in the trend survey, hot coil market outlook still fell mainly Steel is expected to rise.
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