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Inventories of innovative data show that at the end of January, the country's imports of iron ore port stocks of 119.51 million tons, up by 5.12 million tons, an increase of 21.1 million tons, a new high. It is noteworthy that last year's situation, the country's ferroalloy output of 701 million tons, an increase of only 516 million tons year-on-year, while the import of iron ore 1.024 billion tons, an increase of 71.64 million tons, far exceeding the demand for pig iron production, Iron ore market oversupply conflicts more prominent "and, during the Spring Festival, large steel enterprises in central China in central China remained high-load production, after the Spring Festival, the domestic steel market inventories rose more than expected.25Khz Steel Galvanized Angle Iron With Factory Wholesale Price

Demand in the terminal is still hesitate to start the case, the steel business will face the pressure to sell back the inventory of funds. "Further analysis said that as of February 10, 2017, the Composite Price Index reached 138 points, up 0.7% over the previous week; longs price index reached 141.2 points, 1.75% higher than before the holidays; sheet price index reached 136.2 points , Basically the same with the pre-holiday.tisco no 8 acabado de espejo 304 chapa de acero inoxidable

February 3, 4, is the beginning of this year's post-holiday work. On February 3, the central bank raised its medium-term borrowing facility (MLF), standing borrowing facility (SLF) and reverse repo rate before it was overwhelmed by the festive mood. As banks are still issuing credit at a faster pace in January this year, the agency expects new social loans in January 2017 to surpass historic highs in the same period of 2016, reaching 2.6 trillion yuan to 2.7 trillion yuan.12 gauge 316 stainless steel soft bright wire manufacturer


Raising the interest rate of funds highlights the determination of the government to "deleverage" and gradually implement a neutral monetary policy. Affected by this policy, various commodity futures dropped sharply on February 3, in which rebar futures dropped 6.77% on February 3 and 7.16% on hot-rolled futures. Affected by the fall of futures, billet prices in Tangshan District 2811 yuan lift the lock, down to 2750 yuan, and later transferred to 2740 yuan. Futures under the influence of monetary policy, the single-day plunge, but to the post-holiday trend played a good role. This day's price squeeze squeezed a large part of the pre-holiday period departure from the product of the price difference in the period, making the futures spot prices more reasonable. This week's futures experienced a plunge on February 3 and gradually came out of the repair market, driving the spot price slightly higher.Wholesale 304 Hot Rolled stainless steel angle low price