According to the business agency monitoring, the deadline to May 24th steel index for 949 points, more than in May 23rd dropped 5 points, compared with the highest point in the cycle of 1057 points (2013-02-21) fell by 10.22%, compared with 2012 09 months 09, the lowest point of 827 rose 14.75%. (Note: the cycle refers to the 2011-12-01 so far)
First of all, the steel market to fall last week is the main tone, ferrotungsten by tungsten concentrate prices, and a road surface, have been rising more than in April, up 7.26%.

Steel: the spot futures together and together fall

According to the business agency price monitoring, as of May 24th the price of 3431.54 yuan per ton, the price plummeted last week, down 1.37%, while the overall, screw steel spot prices have fallen more than nearly 3 months, the cumulative decline of 12.05%.

From the business community and the main basis of current map view, periodic screw main contract also fell primarily, as of 23 or 1.4%.

From the stock, as of May 17th, steel social inventory 8744000 tons, inventory has fallen 9 week decline since May, gradually expanded, inventory consumption significantly increased.

Although last week Shagang cut prices of construction steel, screw steel reduction to 30-50 yuan per ton, but the stock market fell more than the cost of steel fell, so, the market upside down range or to further expand, near the end, in order to complete the market plan, next week price selling phenomenon.

Coal and coke steel industry chain: char decline narrowed, but still steel prices decline

From the steel industry chain of coal and coke, coking coal, coke prices last week are stable, the price of iron ore by Platts index had dropped and prices. But mine trade recently are mainly to shipping, keep not only into operation; steel procurement is on-demand procurement, small steel mills started behind the forward cargo, purchasing the recent spot, to reduce costs. But by May 17th, 69620000 tons of iron ore inventories, inventories rose for 4 weeks, the inventory level at the beginning of the year to 2013. So from the charging ways, narrow coal and coke steel industry chain upstream decline, the market decline slowed.

From the perspective of billet steel city, last week, prices rose after the first down, down 10 yuan per ton than at the beginning of the week, the overall weak downlink.

But the mainstream steel plant WISCO, Anshan Iron and steel company, Baosteel cut sheet prices, increased steel bearish mentality. Therefore, the deadline to May 23rd, a total of nearly 30 steel mills cut steel, construction steel cut approximately 20-80 yuan / ton range, generally 50-300 yuan per ton from plate.

But from the maintenance point of view, plant maintenance is not much, most of the normal production. According to the China Steel Association data, in early May, China's crude steel key enterprises average daily output of 1748100 tons, up 2.71% from the previous year. Estimates of the average daily output of crude steel 2192900 tons, up 3.02% from the previous year. Confirm the steel yield high, high inventory. Terminal demand tepid.

From the downstream end, construction started 40 trillion investment is slow and the town of denial and delay, leading to the construction of steel demand is tepid; while the ship terminal downstream and the international shipping industry downturn and need not, but in the car plate business and development space is good, so for the board, coated plate, having a good.

So the end of the. He Hangsheng think the business community, the overall coal coke steel industry chain, although the upstream costs fell gradually shrinking, but steel mills themselves yield increase, the spot price down low, terminal demand release, eventually led to the whole industry chain or the following fall to the market as the main, therefore, to predict the last week of May steel market is still down.

Finally, according to the agency business index monitoring, stainless steel plate index has been the lowest point since 2011, the lowest point and seamless tube also has hit in 2012 September. While other market mainstream steel has also been approached by the end of 2012 8 9 month lows. Business how to effect is expected, according to the current decline in 2013 the lowest point of view, steel, or will appear at the end of 6 to early 7 months time.