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"Emotional" Steel
【Time:2016-12-06 13:42】 【Traffic:

 At present, the futures market has now become the benchmark for the spot market, while under the influence of reducing production capacity and environmental policies, steel prices increasingly "emotional", and now the steel market is almost no reason at all. Henan, Shandong, Jiangxi, Hebei, Shanxi and other places affected by the pressure of environmental supervision and supervision of large steel rolling mill,now less producing lines are going on. while the "bar" problem is still outstanding, the State Council strictly inspect and close illegal steel mills, Jiangsu, Shandong and other intermediate frequency furnace, frequency furnace steelmaking enterprises face a large area of ??destroying. And continued to haze around the haze also makes the market for steel enterprises to reduce the supply of resources is expected to remain. Tangshan Iron and Steel construction steel rolling stop production for a month, hot rolling in late November to start overhaul, Anshan Iron and Steel blast furnace, Wuhan Iron and Steel Wire, Tianjin West, Tianzhu, Xinghua wire maintenance program, Steel and other sheet products have also been overhauled.

 
In the last month of 2016, production reduction, environmental protection and other measures will not stop, and the policy will be very severe. Resource supply reduction and the market continued to maintain a low inventory advantage has been the market this year, the main reason for continued strong, and near the winter season, the market has long been ready to Dongzhu mood or in this strong wave of "V" shape reversal The steel billet cost has been in the profit and loss line edge of the billet to continue to fall in the larger resistance, while the demand side has also rushed the situation, is expected this year, the steel industry, steel prices are expected to increase this year, Prices still fried up opportunities. The latter part of the market continue to bullish, is still expected to break a new high this year.
 
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