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After experiencing a round of ups and downs, domestic spot steel prices are currently entering the upward channel for the second straight week. The shrinkage in cost and output is the supporting factor, but the demand is still insufficient. Imported iron ore prices are ups and downs, have not yet found a phased price positioning.Aluminum sand blast CNC turning part Manufacturer
According to the latest market report provided by "My Steel", a well-known steel information agency in China, in the recent week, the domestic spot steel price index closed at 124.03 points, up 4.59% over the week. Market participants said the price of steel has risen for two weeks in a row after a round of "roller coaster" "up-callback". Strong performance of steel futures, steel prices positive pull up, although the heavy volume of market transactions, but the terminal demand is still weak, subsequent follow-up efforts worrisome. However, there is still support for the cost of steel, the mainstream steel mills December factory price continued to rise. In addition, some regions in China are under environmental supervision and the output of steel products will be restrained. All of these factors will have a certain upward push on the steel market.
According to analysis, in the construction steel market, prices rose sharply. Shanghai, Hangzhou, Hefei and other places a week price of 30 Yuan to 290 Yuan. From the specific market dynamics in Shanghai and other places, we can see that although prices have generally risen, there are always ups and downs in the meantime. At the beginning of the week, the market advanced sharply, but with the volume shrinking rapidly, the price dropped slightly. However, the subsequent news of the illegal production capacity being investigated in some areas became a hot spot in the market. As the market expected supply reduction, the price rose again.Brass polish CNC turning part Manufacturer