The days of May are fairly sunny. Although there is heavy rain from time to time in the middle, there is a feeling of sighing in various regions. After all, it will be summer and will enter the hot summer. However, the steel market in May was cold from the beginning to the end. The steel price basically fell every day during the trading day in May, and the decline rate has exceeded 200 yuan/ton. The business has already been bearish. Yesterday, Shagang continued to cut the price of construction steel in the current period, letting the business lament that the construction steel price has entered the bottoming stage? On the 21st, Shagang introduced the price adjustment of construction steel in the second half of May, and drastically lowered the construction steel. The price of rebar was lowered by 100 yuan, and the subsidy for the second phase of rebar in May was 100 yuan/ton, and the price of wire and coil was lowered by 50 yuan. Shagang has lowered the ex-factory price for several consecutive periods, indicating that Shagang is still cautiously bearish on the construction steel market in the later period. So for the steel market in May, it is necessary to continue to fall to the end. The reason why Shagang will continue to reduce steel prices is mainly because the current demand for downstream steel construction steel is too small, and the ordering power of steel traders has dropped sharply. Shagang's subsidy for the second phase of rebar in May is also a manifestation of market stability. Judging from the real estate situation with the greatest impact on the downstream demand of construction steel, statistics show that from January to April this year, the national real estate development investment was 1,853.5 billion yuan, up 18.7% year-on-year, and the growth rate was 4.8 percentage points lower than that in January and March. In the same period last year, the growth rate dropped by 15.6 percentage points. The growth rate of real estate investment continued to slow down, showing that the market's confidence in the real estate industry's market outlook is obviously insufficient. Even if the government responds to the current weak economic environment, increase the stimulus consumption policy, and put steady growth at the most important position, this policy shows that real estate will not be relaxed as a result, then will real estate still be in the doldrums? So where will the demand for construction steel rise? However, Shagang has lowered the price of steel in late May. There is still a reason for the profitability of steel. According to the statistics of China Iron and Steel Spot Network iron ore port inventory statistics, as of May 18, the country's 30 major ports iron ore. The total amount of stone stocks was 96.67 million tons, a decrease of 400,000 tons from the previous week. Under the influence of the continuous decline in steel prices, the iron ore market price also experienced a rare continuous decline. The iron ore index fell by 1.54% from the previous week, and the decline was obvious. Domestic mines and imported mines fell. So for steel mills, the decline in the raw material market has reduced production costs to a certain extent, so steel mills can still maintain the profitability of tons of steel. However, the decline in the raw material market has also accelerated the decline in the spot market price. After all, there is no support for demand, the cost support is weakened, and the willingness of steel mills to weaken, the construction steel will continue to fall. In addition, the current domestic steel market supply and demand contradictions still occupy the main contradiction that hinders the rise of steel prices. Steel mills are weaker in reducing production, steel prices continue to fall, and production capacity continues to increase. Then steel prices will be suppressed even more, then from the current situation Look, not to mention far, the price of construction steel will remain unchanged until the end of May.
Led Point Light,Outdoor Led Dot Light,Architectural Led Pixel Light,Led Pixel Matrix Light
Shen zhen SH LED Technology Co.,Ltd , https://www.pixellightsolutions.com