Steel prices soared 500 yuan spot price exceeded 4700 yuan p

2017-10-01
This week, steel prices soared 500 yuan, spot rebar price has more than 4700 yuan per ton. The 145 key private iron and steel enterprises of the metallurgical chamber of Commerce achieved a profit of 93 billion 200 million yuan in 1-9 months, up to 2.25 times as high as the same period. Zhang Zhixiang, President of the Federation of metallurgical industry of China, analyzed that there are two reasons for the rise in steel price: "first, the environmental restriction of 2+26" in Beijing Tianjin Hebei region will surely have some influence on output. Second, the total transportation of the whole steel industry is far from smooth now, the cost of the road is still quite large, and the port overstock is also more. These two factors are stacked up.
 
This winter, the steel market seems to be weak in season. The average price of spot screw steel has exceeded 4700 yuan per ton, up by more than 30% year on year. Especially this week, steel prices soared 500 yuan, many people said mills to make over. Reporters learned from yesterday's (2) 2017 National Business Federation metallurgical chamber of commerce exchange conference that there are many reasons for the rise in steel prices, while the profits for iron and steel enterprises need to be rationally considered.
 
The weather is getting colder and colder, a lot of construction in the North has stopped, with the drop of steel, why can steel price rise in reverse? Many analysts believe that it is related to production capacity. Indeed, the annual target of 50 million tons of gross steel to capacity in 2017 has been overdone. Especially the small private enterprises, 1-9 steel production is only 3.56 tons, down 5.5%, and that capacity to ban land of steel has achieved significant results. Zhang Zhixiang, President of the Federation of metallurgical industry of China, analyzed that there are two reasons for the rise in steel price: "first, the environmental protection limited production of 2+26" in Beijing Tianjin Hebei region has certain effect on output. Second, the total transportation of the whole steel industry is far from smooth now, the cost of the road is still quite large, and the port overstock is also more. These two factors are stacked up.

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