In March Chinese steel prices will steady rise

Posted by xiaotiantian on May 5th, 2015

A market review article,

In 2015 February, the domestic steel market finally return to calm, affected by the Spring Festival, the whole month market basically there is no market price situation, some merchants offer no fluctuation. As of February 27th, steel index closed at 2530 yuan / ton, compared with the flat at the end of last month, down 24.7% over the same period last year the price is low, nearly 13 years since November 2002.

From the supply perspective, according to the international steel association data, China's crude steel production in January was 65500000 tons, down 4.7%; in January the average daily crude steel production was 2112900 tons, a decline of 3.8% in December last year. According to CISA data, key enterprises in early February average daily crude steel production was 1627900 tons, down 3.57%, since the late 2013 early February production hit a new low in recent years. While

From a cost perspective, the raw material price fluctuations, Platts index monthly rose 1.5 U.S. dollars / ton, Tangshan billet prices fell 20 yuan / ton, coking coal, coke prices fell and stability. In recent months the decline in the prices of raw materials significantly less than steel prices, with the new material cost estimates, most of the iron and steel enterprises are at a loss situation. But in the mills to increase sales difficulty, most mills effects after the implementation of the settlement price policy, the cost of steel support is still insufficient.

Finally, a policy perspective, in a series of comprehensive economic data in poor circumstances, this month, fiscal easing of monetary policy significantly accelerated, the central bank through the RRR, SLF, net open market portfolio to accelerate into the market liquidity, the central financial work leading group meeting requirements to ensure that major economic decision-making central effective landing, the State Council the executive meeting stressed the need to promote major projects landing, accelerate the construction of major water conservancy projects, the active fiscal policy must boost efficiency. Increase the policy easing efforts, to a strong boost to the confidence of the market, the business mentality has improved than before.

In 2015 February, the domestic spot steel prices running smoothly, then the next March, steel prices trend? The market demand can quickly start? How to change the stock market? With many problems, with the view of February Hushang construction steel market analysis report.