Steel market is being "double horsepower" pull

  Environmental pressure coupled with strong demand for infrastructure, steel market is being "double horsepower" pull. February 20, Shanghai rebar futures prices rose 2.75 percent to 3546 yuan per ton. 

  It is understood that after the Lantern Festival, the downstream demand was officially launched, the Shanghai area turnover was heavy volume, and in the production capacity and frequency furnace to speed up the promotion of the stimulation, the snail, billet rose continuously. Affected by this, the Shanghai area building materials prices sharply higher, especially the three types of steel prices rose more than 200 yuan / ton, Dazao resource prices rose more than 150 yuan / ton.

  After a continuous pull up, high risk accumulation, the market wait and see mentality thicker. However, the industry said, taking into account the steel firm very determined attitude, especially small plant resource shortage prices continue to be high, and manufacturers have no basic price difference, coupled with the upcoming "three silver four" good expectations, The market is still dominated by bearish mentality, is expected to short-term Shanghai city building materials prices will continue to shock rise.

  According to the transaction monitoring data show that as of February 17 the week the domestic steel prices rose sharply, most of the market rose more than 100 yuan / ton, Southwest part of the market rose even more than 300 yuan / ton.

  Last week, the domestic sheet metal leading enterprises have introduced the March plate price policy, which Baosteel, Anshan Iron and Steel, Shougang to flat-based, Wuhan Iron and Steel, most of the steel products raised 100-200 yuan / ton, showing the plate market is still cautiously optimistic about the market outlook.