Q345B channel steel prices in the first half of the week continued to strengthen

Q345B channel steel prices continued to strengthen in the first half of the week, Q345B channel manufacturers prices are still rising, but the demand side is still no progress, so Q345B channel followed by bad news, futures prices all fell in the second half rally There was a clear narrowing, weak long plate stronger moderation. So far no gains, all the callback situation seems open. However, the futures price shocks rose billet rebounded after recovering the next week, Q345B channel manufacturers spot price narrow range consolidation, a limited decline.

According to the data from the National Bureau of Statistics of China, the daily average output value of crude steel nationwide was 4.5 million tons, a slight increase of 3.5% MoM. The average daily output value of steel products was 2.59 million tons, an increase of 5.2% MoM, setting the previous high level. Although today's Q345B channel steel plunged state, production cuts also started to save the woman started, crude steel output remains high, the supply pressure is evident; and the need to so far, did not see any improvement, coupled with the north In the fourth quarter of the year, as the temperature dropped, the construction site was basically suspended and the demand had to be cut even more. As the supply and demand conditions could not be maintained, the price of steel could not be improved.

Q345B channel steel manufacturers more twists and turns in the development of today, you want to break the current market dilemma is still more difficult, and now the raw material trend is not optimistic about the view, and difficult to change the demand, therefore, estimated next week the market price of steel pipe continued to fall mainly.