spot prices for steel rose 8 weeks

It is worth noting that domestic steel products in May before the inventory is to increase continuously

Advisory body to the domestic steel MY STEEL Statistics report showed last week, Shanghai steel futures prices fell for 3 consecutive days, the steel to a sharp rise in the spot market, the domestic steel city is the eighth consecutive week of increases.

Last week, construction steel prices rose slightly again in general, of which Hangzhou, Taiyuan or 100 yuan / ton; plate a sharp rise in Beijing, Tianjin and other markets increased by an average 200 yuan / tons; hot coil substantially rise, the average rate of increase in cold-rolled up to 100 yuan / ton; a small range of large and medium-sized timber prices.

January-May crude steel output up 0.4% in May crude steel production of 46.46 million tons, equivalent to 520 million tons of steel production levels, much higher than expected this year, crude steel consumption level of 460 million tons. The amount of excess inventory in the steel has a direct response by the end of May MY STEELl major cities of the country's statistics show that steel inventories, inventories of hot-rolled coil in the same period last year rose 42 percent, increasing 700,000 tons; plate to increase 250,000 tons , an increase of 26%; building materials to increase 380,000 tons, an increase of 10%.

Last Thursday, major market an average of 20mm rebar price in 3704 yuan / ton, up 57 yuan / ton; 6.5mm high line the average price in 3676 yuan / ton, up 70 yuan / ton. According to the survey, in early June marked the national steel production complex, with the steel production conditions are basically resumed normal production. MY STEEL construction steel market is expected this week will be a decline in the overall price pressures.

Hot and cold rolled, the last major market average price 3.0mm coil heat in 3766 yuan / ton, up 86 yuan / ton; 1.0mm cold roll price in 4620 yuan / ton, up 117 yuan at the end of the previous month / ton . There are eight steel hot rolling mill price increases, Laiwu Steel, Jinan Iron and Steel Group, Anyang Iron and Steel, Japan Steel, Kunming Steel's increase in the range of 50-100 yuan / ton. The industry believes that, although the volume of hot-rolled prices continue to rise, but the main Shanghai stock market has been up for three weeks. And as a result of higher prices, new capacity in a gradual release of hot-rolled. MY STEEL cold is expected this week, domestic hot-rolled stock market to increase as the market price of risk is increasing.

Plate products also have increased substantially and the country's 23 major markets, the average price of 20mm medium plate for 3553 yuan / ton, rose 81 yuan / ton.