The latest market trends of steel market prices analytics in August 2016

The steel market is affected by the real estate market downturn, the iron and steel was in the cold winter in 2015, which had been the industry known as the severe winter in the steel industry. And steel industry suffered significant losses in 2015. While in 2016, how will develop for steel prices? The prices are rising every day in August 2016.

Steel market monitoring shows that the average prices of 20mmHRB 400E deformed steel bar is 417 $/T on August 3, in 2016, compared with the previous trading day, raise 0.3 $/T. The average prices of 20mm ordinary or medium steel plate is 442 $/T, the average prices of 3.0mm hot rolling plate is 460 $/T.

In steel market prices, steel prices mainstream stopped rise and went stabilizing yesterday, local fluctuations in the narrow stability. The emphasis will be supply side remain low in August. Because of traditional peak season next month, the steel market in August will face steel factory starts rising cause stock shocks. In addition, the off-season demand depresses this month; contradiction between supply and demand amplification is a big probability event. Once the demand is depressed, it would be a fatal blow for the steel market. Certainly, in the effects of the G20 summit and environmental control, supply side release level remains to be seen. Yesterday, forward prices high and volatile, billet prices fall after rise in the afternoon. Under the influence of cold trading atmosphere, this rally is basically end. If there are no major factors, the mainstream is expected to offer a smooth watching, local will be fluctuation.

In raw material, steel billet price is down 20, 348.3 $/T. Market is volatility weak; the deal of finished material clinch is much weaker; the activity of downstream business and merchant reduce in buying steel billet. But the billet spot resource Is nervous in general, through short-term high call back, the prices are likely to rise later period.

Sum up, the steel prices mainstream stop rising and keep stable. However, the cost support strong, descending is limited. The building materials will have 3.3-5 $/T rising adjustment in the future.

So clients who need to steel product, please send us inquiry instantly! Because the steel prices is growing and rising every day. Don't miss the chances!