Recently, the domestic iron and steel giant Baosteel first raised the prices of major products in March, up 200 yuan -700 yuan / ton range. The reporter learned from a number of steel market in Nanjing learned that Baosteel's price hikes yet to impact on in Nanjing.
According to Baosteel's price adjustment notice, Baosteel's heavy plate prices go up 200 yuan / ton, hot roll products and cold rolled coils prices rose 300 yuan / ton, non-oriented silicon steel is raised 500 yuan / ton. Analysts believe that the full range of Baosteel raised steel prices, partly because some of the items selling well, while cost pressures are also supporting an important reason for Baosteel's price adjustment.
Reporters in Nanjing, a number of steel bridges of water off the wholesale market was informed that prices were generally steady, trading flat. Some operators are talking about steel market trends held that, even if traders will be under the ex-factory price of Baosteel prices rose modestly, but trading conditions were not good right now, there is little turnover, it is difficult to market trends have an impact.
The industry believes that the uncertainties affect the trend of the market outlook is still a lot of associated metals analyst Hu Yan-ping also pointed out that, despite the domestic steel market is expected to raise prices by Baosteel, the production cost and better performance of the international commodity support, but some varieties of high inventory should be concerned that the current hot-rolled, thread stock, respectively, 4.65 million tons and 585 million tons. Steel production during the Lunar New Year holiday, while the sales are still stagnant, the main varieties of the social trend of inventories to rise further to determine the supply pressure will be the Festival Steel City can not evade.
In addition, in February, the steel city is still off-season, particularly in the construction steel market, as most areas of domestic or ice and snow, construction works are affected. The bank twice raised the deposit reserve rate, which increased the psychological impact on the real estate industry, the latter part of the real estate industry financial situation will be a certain tension, which will directly affect the construction steel market demand and prices. Similarly, the completion of a number of major construction projects, such as the Shanghai World Expo venues, the Beijing-Shanghai railway and other public works have also been build similar to the demand for steel decreased, so in 2-3 months, declining market demand for steel products is unlikely to be fundamentally of change, supported by demand for higher steel prices unlikely.
