Sheet iron and construction market differentiation
Apr 28th, 2009 by Professional editor working for cheaponsale.
Iron and iron alloy market extends to down turn in iron alloy charges last week stayed stagnant. However, as asserted by data accumulated by the reporter, iron alloy diversity emerged the tendency of differentiation, stabilized building iron alloy are anticipated to choose up, sheet market due to the influence of trades and the feeble continuity of surplus output capacity.
According to an advisory body of iron alloy “I am the steel,” the newest report, on the 17th household iron alloy cost catalogue 119.9 points, down 1.20% last week, the relation down turn 2.80 per hundred last month, more than the identical time span last year is down 41.20%. However, the high line and the iron alloy rebar and other building proceeded for five days last week to hold up impetus, as 17 peak 10 foremost towns 25mm household iron alloy cost 3388 yuan (tons of cost, the identical below), April 10 contrasted to 80 yuan a rebound , the household cost of high-speed cable 6.5mm in 3357 yuan, April 10 more than 93 yuan rebound.
Plate operation are not so lucky, upper production prices of hot-rolled coil and plate the medium price grade has been lower than the tall rope and the medium price grade of domestic steel. In this respect, the Shanghai Federation of Industry and Commerce, Vice President of the iron and iron traders white rule paragraph told reporters that China is already a wide influx of Russian and else countries, alone the lowest warmth coil 380 U.S. dollars / tons, lower than the domestic, the else again the beyond few years due towards iron works onto a lot of hot coil production rope, the severe oversupply of production capacity is expected within May shall be hot coil prices declined.
As for the rebar and wire rod, Shanghai Iron Steel Min Zhang, general manager of the city of Florence that had begun the restoration of the whole, “the recent Shanghai to Chengdu, a lot of construction steel products, inventory levels decreased significantly, and in April a number of infrastructure projects started, 5 , June will be more, such as the Shanghai-Hangzhou high-speed rail, etc., so the latter part of the rebar and wire rod relatively good. ”
According towards “My iron and steel,” last week within Shanghai, Beijing, Guangzhou and else principal cities within 15 traders within the trend poll, hot coil market scene still collapsed mainly Steel is expected towards rise.
