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The Range of Price Drop of national steel is Enlarging and the Iron Ore Market is Going Down in Price

The Range of Price Drop of national steel is Enlarging and the Iron Ore Market is Going Down in Price

 

According to the latest market report, the range of price of national steel is enlarging, which caused less transaction in the market. The iron ore market is going down in price.

 

According to the latest market report provided by the national steel information organ ‘My Steel’, in the recent week, the national steel price was 155.43, dropping 2.45% during the week. The seller usually sell the goods in lower price.

 

According to the analysis, the price greatly dropped in construction steel market.  The average price of deformed steel bar is 4,532RMB/T, dropped 109RMB during the week. According to the latest storage data, the output of deformed steel bar is still high, the social storage is lower and the factory storage of is is still adding. The demand of the market is less than the supplier. The seller prudently purchased the goods and the press is transferred to the steel factory.

 

The price is dropping in sheet material market. The average price of hot rolled coil is 3,950RMB/T, dropped 120RMB during the week. The average middle plate price is 4,172RMB/T, dropped100RMB during the week.

 

The iron ore market is stable and intends to drop. According to the latest report, the price of iron ore concentrate maintains stable and the storage is less. The import iron ore price continues to drop. As of 15th, 62% FE iron ore import price is 74.15USD/DMT, dropping USD2.1 during the week. The stock clearance of iron ore in the main ports of the country is obviously slower. The purchasing of steel factory is less.

 

Analyzed by the related organ, the price of steel is dropping but the social storage is reducing. The production of the steel factory will reduce in future. The risk caused by the price drop will balance the steel market.