Steel giants are generally worried about the market outlook

Baosteel, Wuhan Iron and Steel, Anshan Iron and Steel, the three leading steel companies introduced the September price policy on August 16. Large steel enterprises collectively raised steel prices in line with the current market rebound trend, but the industry generally bearish outlook.
Steel makers said that the overall situation of steel companies' orders has improved, but there has not been a significant increase. Among them, after the number of orders fell in the first few months, the automotive plate has now stabilized; construction steel has The home appliance board is relatively stable, and will gradually enter the demand off-season. The monitoring of the Xi Ben Shinkansen also shows that the current demand release is obviously not continuous and stable.

Market dynamics:

On August 16th, the three major steel companies moderately raised prices in September, ranging from RMB 100 to RMB 1,000. Most of the varieties complemented the decline in August. Among the three major steel companies, Baosteel had the smallest increase, and the main varieties were raised per ton. 100-300 yuan. Wuhan Iron and Steel and some Anshan Iron and Steel are slightly higher than the strength of the increase, basically fill in August decline.

On August 10th, Hebei Iron and Steel Group raised the ex-factory price of construction steel in September, in which the high-line rose by 200 yuan per ton, the second-tier rebar rose by 170 yuan per ton, and the disc screw rose by 300 yuan per ton. According to experts, many steels Plant price adjustment is based on the strong domestic steel price trend, 'golden nine silver ten' is approaching and steel prices have fallen for a long time, is expected to major new steel mills a wave of new prices will come soon.

Related effects:

China's large state-owned steel companies have been stifling their efforts to keep market share, while large companies have waited for SMEs to make concessions. Under this industry background, China's steel production may hit a new high in 2010, which will aggravate the problem of excess supply and further suppress steel prices.

The recovery of steel prices did not pass to the coking industry. From the procurement contract in August, the purchase price of coke for major steel mills in August did not change much. The rising steel prices have not yet made the coke industry show signs of recovery.

Deep dialysis:

The order prices of major products from Baosteel, Anshan Steel and Wuhan Iron and Steel Company were raised in September. The market expects that the overall supply of steel in the major domestic markets is indeed loose. The pressure on sheet metal is relatively large, but the pressure on thread and wire stocks is relatively small; With the approach of the peak season, the future steel market is still expected to fluctuate upward.

The inflection point of the real estate industry, the government's regulation of inflation and the decline in the export of steel and other factors will become an important hidden danger of negative market. Steel prices rise more and more twists and turns, it is recommended that the bulls can hold, RB1101 break below 4,280 yuan / ton only to wait and see.