Steel price in China

August 8th domestic 20mm RB400E rebar average price is 2509 yuan / ton, compared with the previous trading day rose 18 yuan / ton. 20mm Steel Plate average price is 2668 yuan / ton, compared with the previous trading day increased 19 yuan / ton. 3.0mm hot rolled coil average price is  2778 yuan / ton, compared with the previous trading day increased 26 yuan / ton.

About market yesterday, steel prices rose in the majority. With billet prices rose last Saturday, the market began to stir, led turnover improved slightly, steel prices rose yesterday to provide support. And yesterday of steel billets and has not done it, Black futures strong rebound in billet pull up sharply. In addition, although the terminal needs to continue to sheer pressure release, but with the continued environmental protection efforts and overweight, stock continued low fundamentals recent market will bring good. Recent business mentality optimistic, multiple positive factors to energize the recent market, the overall market environment to push heavy. Today's offer is expected to continue to rise.

Raw materials, yesterday Tangshan billet offer up 50 yuan, now 2180 yuan / ton. SCREW rose, boosted market confidence, and businesses downstream feed actively, tight resources, who hold stocks reluctant to sell, there is still expected to rise in the short term.