Home > News > Content
Baosteel Bucked 260 Why Is The Steel Price Still Falling?
May 25, 2017

September 13, the national steel market weakness fell. Specifically, Shanghai, Hangzhou, Jinan, Guangzhou, Wuhan, Shenyang, Chengdu, Xi ' an and other 19 regions 20mm rebar Price fell 10-40 yuan/ton. 4.75 Hot rolled Coil market prices continued to fall. Shanghai, Fuzhou, Guangzhou, Beijing, Shenyang, Chengdu, Xi ' an and other 16 regions prices fell 10-30 yuan/ton. 20mm Medium plate spot price weak downward. Hangzhou, Jinan, Guangzhou, Beijing, Tianjin and Hebei, Shenyang, Chongqing and other 14 regions prices fell 10-40 yuan/ton.

Today, Tangshan Billet directly sent to 2155-2168 yuan/ton, the spot 2170 Yuan/ton deal, some high-priced resources are not quoted, the finished material part of the rally, individual transactions can be. Afternoon Tangshan Pu Square billet Stability: Local steel factory 2110 yuan/ton, Changli Factory reported 2110 Yuan/ton, cash tax.

The recent poor performance of the black line, especially iron ore and rebar futures, has fallen by more than 15% and 14% respectively since the late August highs, creating a near 2-month low in the days. As inventories continue to grow, coupled with weak demand, the basic face of sustained price pressure.

Affected by this, today, there are 9 steel mills to adjust the price, cut the range of 10-50 yuan/ton.