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Steel prices may fall after the first rise in October

Steel prices may fall after the first rise in October

2016-10-11

Preview:This year In July and August, Surprisingly,the steel prices rose sharply against the market trend, While during the expect-able market of "golden nine silver ten",the Nickel Alloy price dropped constantly in September,High production season while low reward the phenomenon renewed again.For October which just past a long holiday, steel prices may fall after the first rise.

Limits on Steel Production in Tangshan Rose Again

The National Day in China has just passed,the market performance is relatively low, Limits on Steel Production re-entry in Tangshan steel market. Tangshan Was forced to conduct environmental improvements from 10 October to 20 October,specific requirements are listed below: Those Iron and steel enterprises which have not passed sintering tests have to reduce50% production of steel.Those enterprises who has passed can produce normally, while the pollutant in no way could exceed the pouring standards; Steel rolling enterprises those have not completed the transformation of coal gas must stop producing, those have can produce as usual. Although there are many uncertainties in the specific measures linked to limit production, but the market sentiment in depression for a long time be pulled up again.Steel trade company has the ambition and the manufacturer have taken advantage of the very moment, the active will in exploring lifting is also rose.
Inventory pressure is as usual

Because early in this year,the Inconel 600 rebounded sharply, profits of the steel manufacturer improved significantly, many steel mills refreshed by the profits,the yield is also high. At the same time, the social inventory pressure continues, by the end of September, researched sample inventory continuously increased to 9.769million tons and steel stocks rose to 6.087million tons, although the data is dropped compared to this last year, but it is still close to the level of the same period last year, to stock market at this time,the pressure is increased.

Steel prices may fall after the first rise in October
As for the market performance in October,the price of Nickel Alloy 800 could be still excepted.But the prospect is uncertain,because the market performance under the "golden nine silver ten" is already seen by us.In October,the steel price may rebound in some time due to the restriction in production in Tangshan.But the rising time could not last long while the dropping is also limited.In October the price of the steel on the whole be diverted is comparatively high.Experts recommended that the manufacturers pay more attention to the pace of exporting.

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