Lastest steel price

Driven by the raw material costs and futures market, in the first trading week after the National Day, the overall prices of domestic steel market maintain upward trend. Especially southwest Chengdu market, the price rise up ￥200. However, the spot price of steel rose far less than coking coal, coke gains, but also less than the rise of steel futures prices, even spot rebar prices in Beijing and Tianjin decline a slight.The overall steel market showed a passive up status, the uplink power is very limited.

Coking coal and coke prices, which were the main factors driving the steel price rise last week, have reached the level of early 2013 after a series of increases, posing a greater risk to the market. Lange Iron and Steel Network, chief analyst of horsepower Marry to remind the need to pay attention to the price of coal, once there is a big movement in the market, it is likely to bring greater downward pressure on steel prices. From the current policy, the state for the production of coal to limit the intensity of coal prices will gradually weaken as the latter part of the situation of resource constraints will be improved.

In the case of a gradual loss showing up, the steel mills have begun to control the production of the phenomenon. According to Lange Steel Network statistics, October 13, according to the volume of 100 small and medium-sized iron and steel enterprises blast furnace operating rate was 89.84%, down 0.32 percentage points from the previous period. In addition, as coke prices continue to rise, most of the recent steel billet, building materials and other varieties have fallen below the cost of production, individual steel prices have begun to adjust the pace of production. China Steel Association data show that in late September, China Steel Association members of the same caliber crude steel output of 1.7780 million tons, down 2.14% qoq; estimated in late September the national average daily crude steel production was 2.2754 million tons, down 1.89 / RTI & gt.