Billet

Partially finished steel prices yesterday, with varying degrees of pull up futures performance is more popular, and today the overall turnover of the steel market is not satisfactory, product shipments light, due to the transport turnover hardly optimistic restricted stock, and futures plunge on steel City is even worse. Steel City again face, short-term Have billet turning machine?

From the current status of the Steel City, the first time the director discontinued tune rolled billet, billet demand is not optimistic at this stage to take the goods, mostly downstream slab transfer rolled billet plant and traders short replenishment, and then because the road is restricted billet transportation affected a large extent, so the market can circulate relatively limited resources, some manufacturers backlog of inventory stock, the latter part of the market there is a certain negative impact. Secondly, the intensity of blast furnace stew expected to shrink from the previous month. Originally I thought that after all the stew blast furnace, the market will be a “crazy” speculation, but by today I Tangshan steel nets actual situation simmered stove understand, discover stew blast furnace and the intensity is not expected, according to statistics now Tangshan steel prices blast maintenance seat number (including discontinued) 69 maintenance volume 50280m3, the operating rate of 66.27% compared with 23.43% drop on the 12th. Speculative factors in the market can be greatly reduced, coupled with lower futures has fallen sharply, the business mentality to reproduce downturn.