Steel prices once again staged a "roller coaster" market

osted the steel price, which rose by as much as 700 yuan/ton. On Monday, the market increased significantly, but the futures trend was not optimistic, so the steel price dropped to a high of 300 yuan/ton, and the market entered a high-level correction. When the market was confused, the market re-transmitted environmental protection and limited production news, steel prices rose sharply again, coupled with the futures trend, the market low today rose another 100 yuan / ton. In just three days, the price of steel went up and down, and the "roller coaster" market was staged.

The Development and Reform Commission of Tangshan City, Hebei Province issued a notice on the strict implementation of the letter on the production requirements of the blast furnace equipment for peak production in the steel industry. The notice requires: "According to the "Tangshan City 2018-2019 autumn and winter steel industry peak production plan" issued by the municipal government, the district government and various iron and steel enterprises shall implement control and limit production according to the blast furnace complete shutdown mode during the peak production period, and shall not adopt The furnace and other means replace the limited production task; if the blast furnace that has been continuously shut down still fails to meet the specified production limit, the requirements for the control and production limit of the blast furnace to stop production in part of the time period can be adopted. Steel prices should rise.

As of the morning of December 5, Changli's billet resources rose by 10 yuan/ton, and the current tax-included factory reported 3,330 yuan/ton, which is up 70 yuan/ton. Anfeng, a resource around Tangshan, rose another 50 yuan/ton, and it was 80 yuan/ton.

At present, the fundamentals of the steel market are not warm and the supply and demand are weak. Due to environmental protection and production restrictions, steel mills are enthusiasm for production, while downstream construction sites, especially in the north, are shrinking. Even if there is news speculation in the market, it is estimated that the increase will be limited, and the overall trend of the steel market is not very optimistic. (Source: Economic Information Daily)
 

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