Tuesday, February 3, 2015

Steel billet price battle

Recently, raw material price of steel billet has been changing near 2000, in spite of the bad market, many steel pipe including seamless steel pipe and welded steel pipe manufacturers are still in strong and not let the billet prices fall below 2000. Last week, the billet prices were slightly pull up, calm the market part of the restless mood, makes the steel price signs of stabilizing. Then for the half a month before the spring holiday, can the road of stabilization keep even?

Billet strong, for short term, it is still difficult to fall below 2000.
Since the billet fell to 2000, the market for the analysis of the billet will be below 2000 abound, but in the end billet is still strong. This is mainly benefited from the steel factory losing too much, and the recent increase maintenance and production operations, according to the China iron and steel spot network, according to data from 24 to 29 of last month, tangshan region in the system of blast furnace has 21 maintenance (including production), affect the total of about 243900 tons of production, about 7.75% of normal production. And at the same time, the steel billet has been not present below 2000, parts of attitude stabilization, and even some stock up operation, data statistics, 29, tangshan main warehouse and port statistical inventory of 519000 tons of steel, with diameter increased last week (January 22) 103000 tons.Reduced production and stock up signs appear, strong support for billet prices stabilised rebound;And under the factory price will weak state of mind, in the short term billet below 2000 is still difficult.

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