Domestic steel prices slightly higher iron ore market steady rise

Domestic spot steel market continued the trend of recovery, steel prices slightly higher, market demand began to release.

Iron ore market is basically stable mainly, import ore prices rose slightly. In the last week, the domestic spot steel price composite index closed at 144.22, a week rose 0.6%. Among them, the construction steel market to shock market mainly, the mainstream specifications rebar varieties of the average price per ton a small increase of 24 yuan a week.

Plate market steady upward, hot-rolled plate coil market price slightly increased, the mainstream specifications of the average price per ton of 15 yuan a week; medium and thick plate prices edged up, the average price of the mainstream specification PU medium Board rose 23 yuan per ton a week. Overall, the stock level of the steel market is relatively high, production remains quite large, but the release of demand is slightly better than expected, steel prices are relatively strong operation.

By the end of the week, by the steel period price decline impact, spot steel market offer slightly weak, but market demand continues to maintain a good state, the overall stability of the market mentality. The iron ore market has risen steadily. According to the latest report of the "Western Shinkansen", in the domestic mining market, the market is mainly stable. Due to the initiation of heavy pollution weather emergency response in some areas, the production restrictions strength of steel mills has increased, and in the short term will be a certain inhibition of domestic mine demand. Import ore market price shock saw a rise, as of 7th, 62% grade imported iron ore prices of 87.05 U.S. dollars per ton, the week-to-month rise of 2.25 U.S. dollars.

Iron ore stocks in the country's main ports have risen for 4 consecutive weeks, and some steel mills have been relatively cautious in their procurement performance. Relevant institutions analysis that the short-term domestic steel market will be in the trend of strong shock, supply and demand fundamentals are relatively good, but also do not rule out the market has a certain degree of repeated possibility.

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