This year, steel prices suffered "late spring" so many steel companies and steel trading business are very worried, however, Beijing Chinese Commercial News reporters Zuo Ri and Cong Xiangguan bodies are informed, is expected to appear this week, rising steel prices.
It is understood that last week, more varieties of steel prices in most areas, although there is still a decline, but the main producing areas in Tangshan billet as the representative of the product have seen a rise in market prices. Driven by billet prices, Tangshan small narrow steel prices rose this week, 50 yuan, profiles, welded pipe prices ranging from 20-40 yuan.
Analysts predict that with the start, traders sell the project started, I believe the major domestic varieties of steel spot prices will stabilize and rebound. Meanwhile, after the Spring Festival this year, the domestic stock situation is not only the number of relatively lower in previous years, this year is more important phenomenon is also different stocks with previous years. Coupled with the current domestic steel prices at a very low level, after the Spring Festival this year, the domestic steel market prices are still rising hopes, and does not exclude the possibility of the rapid rise in short-term market appear.