Steel prices surge in prices has been the arrival in March, such as about. Following last weekend, Hebei Iron and Steel increases rebar and wire rod prices, yesterday, mountain steel and three steel Min-guang, etc., have also announced an increase in steel prices in March.

    Yesterday, Shandong Iron and Steel Group in early March put rebar price policy, price rises at 50 yuan / ton to 200 yuan / tons. Fujian Sanming Steel Min-guang also raised prices in March, in the range of 30-120 yuan / ton. Just at the weekend, Hebei Iron and Steel Group also introduced in March 2010 price policy, wire, rebar prices were raised 100 yuan / ton, the small screw thread based on the large increase 200 yuan / ton, 3 rebar in the the same size on the basis of two steel prices increase 100 yuan / ton.

    According to statistics, last week, a total of 28 domestic rebar and wire rod producers adjusted ex-factory price, of which nine steel prices remained stable in 19 pairs of steel prices were raised slightly. Can be seen that the current round of steel prices surge albeit marginally, but the rhythm frequently.

    Reason for the prices, the industry believes that on the one hand pileare price increases after the Spring Festival is the usual practice, but recently mine price of coal and other raw material prices rose once again into the drawing, steel mills are being transferred through the rising cost pressures. Yesterday, the taste of India at 63.5% ore powder CIF quotation outside the disc has come to 138-141 U.S. dollars / ton, more than the year 2009 the highest price.

    However, the steel is able to keep up with market demand, the increase in steel prices remains to be seen. According to West, this new spot trading platform, the disclosure of lines of data show that the first week after the holiday, because the majority of the downstream site has not yet started, it started in Shanghai steel demand is still no sign of steel stock average daily trading volume can only be restored to normal level of 30% about. In other words, the current level of demand for the supporting role of the steel is still very weak, high costs and business needs of the market outlook is expected to present the main supporting steel charm holding stability lies.