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Sunday, May 10, 2009

Baoshan Iron and Steel cut steel prices in March for

By zou

27 Iron and Steel presented in June the charges of iron alloy goods, encompassing iron alloy, low-carbon hot-roll, hefty plate, as well as decreased capacity outer level 200-300 yuan / ton, and the residual merchandise charges stayed unchanged in May. This is the third time this year Baosteel let down charges of constructed products.

But It is worth noting that domestic steel prices in the current consolidation of the big shocks of low background, the lower the prices of varieties have been significantly reduced, but the high number of ex-factory price of products an appropriate callback. Baoshan Iron and Steel products, such as the main carbon carbon thermal volume pickling hot-rolled, cold-rolled, hot-dip galvanizing, etc. out unchanged. Joint Research Center of the metal, analysts said Hu Ping, as the steel stock to gradually ease the pressure and the improvement of domestic economic data, show that the price of Baosteel's willingness both to stabilize the market, and also hinted that business-to-steel having high expectations of improvement.

Baoshan Steel anticipate charges to stabilize market

Baosteel's not like the starting of this month as the major merchandise charges considerably smaller, mostly founded on the present iron alloy market is anticipated to step-by-step stabilize the optimism. Since the end of this month, as the market bottomed spiral rebound down turn sheet market slowdown, and some diversity of metal and iron alloy charges have rebounded, the general pattern of up-market alarms, the present 4.75mm carbon Shanghai cost of hot-roll mainstream 3210 yuan / tons, the smallest bit higher than this year, 120 per / ton. At the identical time, diversity of household metal and iron alloy supplies have been digesting the community, in which supplies dropped the most conspicuous gist, 4.3 million tons from the pre-reduced from the present 3.55 million tons, from 2.86 million tons of hot-rolled down to round 2.65 million tons. HU Yan-ping that in this context, the principle of Baosteel charges mostly unchanged, it is clear to stabilize the market and refurbish self-assurance in the function of the market, if charges proceeded to drop in the most of species will absolutely have an harmful influence on market psychology.

Beijing Steel Joint Chief Information Officer said that though replicated Baosteel charge slices, but its principle wares costs are still higher than the market price. HU Yan-ping said that the size of chilled SPCC1.0mm * 1250 as an instance, the prevailing market charge of about 4100 yuan / ton, while Baoshan Iron and Steel after-tax charge of 4359 yuan / ton, securing flipped over by more than 200 Yuan / ton. But the current charge of Baosteel chiefly to flat and help to stabilize the hard metal market, as well as the total of the restoration of self-confidence, this is the Steel City is presently much-needed initiatives.

Consolidation will be the major pitch of the deprived

Chen Kexin hard metal analyst said that since the 4 quarter of 2008, the countrywide hard metal market has rudimentally concluded its foundation concussion. Although the fresh market costs plunge over, but with the least bit in 2008 weighed against to the descent is not very deep, short-term hard metal demand is looked frontwards to to recoup entirely the circumstances are not yet available. Vulnerable consolidation will be the hard metal market this year, the principle market.

Xu xiang chun accepts as factual that the desires of the present iron alloy output is still not strong. At present, is usually accepted that the grade of household crude iron alloy output come to 1.25 million tons in alignment to permit market provide and demand balance, and conspicuously the present iron alloy output capability in surplus of market demand. In the case of reduced iron alloy charges, iron alloy output capability of enterprises is still somewhat fast issue, the indications of down turn has not yet been reflected.

In addition to the effects of supply and demand side, steel prices can rise late Another important factor is the price of the original fuel. "My iron and steel," Research Center Jiesheng analysts have said that in the next few months, prices of major raw materials for iron and steel production further down the existence of space, coking coal and coke prices room for a larger decline in iron ore spot prices is limited. However, the cost does not mean that the downlink will also decline in steel prices, depending on the capacity of iron and steel enterprises to play. If the iron and steel production capacity of enterprises can be effectively controlled, while steel prices in the case of cost reduction is still possible to remain stable. - 18762

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