HRB400 rebar price on Sep. 28, 2016

Ore: Sep. 28 iron ore market steady running. Platts index steadied yesterday, now 62%PB is $55.85. Iron ore futures closed: ore 01 increased 7 up o 413 (increased 1.72%),  highest 413 minimum 403.5. Imported ore, during the national day, steel mills have demand, the spot transactions at port is not weak, but can can’t sell higher price. In short time, import ore is stable with narrow range vibration. Domestically, today price from main mining area is smooth, middlemen more wait and see, the overall turnover is in general, and will be stable in short term.

Building Material: price of HRB400 from Hebei steel factory is 2380 -2430 yuan / ton in Beijing market, same as the previous day; price of HRB400 from Shagang steel factory is 2270 yuan / ton in Shanghai market, same as the previous day; price of HRB400 from Shaogang steel factory is 2270 yuan / ton in Guangzhoui market, same as the previous day. Domestic rebar prices lower mainly, stocking phenomenon before National Day is less than expected, the transaction is general, which drag the businessmen’s mentality, and combat market confidence, the overall of the market is weak.