China Steel market news-2015-11-20

Shanghai market volume manufacture price move now, the anshan iron and steel resources generally rise 4.5 USD/ton, benxi steel posco resources fell USD 1.2/ton, clinch a deal the overall weak still. Throughout the entire market, cold-rolled resource is still in the relatively normal level, inventory pressure. Demand side, has entered the off-season, and money is tight, insufficient utilization industries such as cars, home appliances and shutdown phenomenon is relatively common, shrinking consumer demand for cold rolling, so as to make the inventory consumption is slow, sales businesses face high pressure. Entering late, means that a new round of order cycle, and merchants to steel mill order, will take cash price model, which to a large extent can aggravate the decline in the price.