First, because of uncertainty with the affected real estate macroeconomic regulation and fell on the city and round steel market OT718H basic synchronization. Also it can be said to affect the resonance.
Secondly, since March of this year, prices began to rise OT718H steel products increased steel prices and make the most direct beneficiaries. According to a quarter of the steel business performance data, most steel enterprises to achieve profitability in March, nearly nine months to harvest the first profit. China Steel Association official said that since last year’s fourth quarter steel production was significantly reduced, low steel inventories, influence national policy and investment real estate, so the steel market some new changes in the first quarter of this year. But from mid-April to late start of some orders traders began to appear upside down, a little lament today.
Finally, in front of the OT718H steel prices decline, many dealers have begun to Face: a week before the cover plate also do not sell, now anxious “Come under the house.” The user side is more up to buy, the more entertained more panic. “There may be a wave of secondary steel market retraction market.” First, the rainy season yet to come, the second is also a demand for high-temperature test. ”
On the whole, OT718H steel belonging to the current performance of the market contraction of circulation, lack of market fundamentals support the market’s short-term may exceed expectations, it is recommended that market participants do not follow the trend of bargain-hunting, the last drum pass to spend a stick is not good pick. more OT718H steel price, pls feel free contact us