Today, china steel prices continue to adjust downward. Tangshan billet prices firm after several days of maintenance of stability, loose over the weekend, the current Xinda carbon billet price dropped close to 1,800 yuan, the price of other finished steel rebar, high wire, hot-rolled and cold-rolled and in the thick plate prices continue to move closer to the low, but the momentum of the market and from the adjustment period the node is running, the late worrying performance, the overall decline will continue to expand. Today, the central bank one-day operation amount of funds hit a new high of nearly two months of 170 billion, showing the central bank to stabilize the financial strain of intent. Shrinkage of the capital market was up operations also showed a weak and vulnerable markets of the disc will continue to adjust downward before the end of funds. The defensive operation at the beginning of this month, the spot steel market presentation, the main factor is the support from limited production of Tangshan positive expectations and the hype of the relatively weak amount of resources, limited production during the Tangshan market was relatively deserted, and as Tangshan limited production favorable faded spot steel market supply and demand will be weak as a glance further down the spot market. At present, both for domestic economic growth remains weak steel prices repression or international market turmoil brought about for commodities medium-term systematic repression, the steel city will have a challenge. While taking into account the financial side will become the current main sticking point, both the capital market also boosted or appearance of liquidity, the market holds many lessons have become more and more tense, which will also become the spot pressed steel city The main node, do not rule out steel prices may decline.
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Otai Special Steel was established in 1999 to provide a wide range of high quality steel to the global market. Despite many huge merger deals in the industry, we remain a friendly, family business. We pride ourselves on our impeccable quality and service.
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