Into the middle of December 2015, the hot-rolled sheet steel and strip resource in short on the market. Meanwhile, steel rebars futures prices is rising, which makes prompt goods hot rolled sheet and strip prices took the opportunity to move up. By this time, it is centralized delivery time for the steel billet export orders, which makes market liquidity resources too few, so steel billet prices also took the opportunity to raise. Many downstream plants began to fill the inventory, which caused the market in the situation of short supply. At the end of 2015, steel billet price ushered in the "bull market", so the steel mill’s financial pressure is also solved.
On
the whole, at the short-term before the vacation, the steel billet prices are
still downside, but the space is not great. And after the holiday, the steel market
rebound is very likely. It is suggested that the downstream factories fill inventory
for steel billet appropriately.
Want
to know more price change? Please contact me freely. China National Building Materials Group
Corporation is the full name of CNBM,
which is one of the largest state-owned groups in China, and listed in the
Fortune 500 Enterprises. We are specialized in hot rolled steel, cold rolled
steel, stainless steel product, steel billet etc.
Related
Reading:
