“Golden September and Silver 10†has always been considered the “peak season†of the steel market. But this year, in the first week of the "Golden Nine", the domestic spot steel market did not expect to rise. Due to the weak demand, the transaction was blocked, and the steel price was in a channel of shock and decline. According to the latest market report, as rebar futures continue to “stagnateâ€, the prices of raw materials such as steel billets are also falling slightly, and the transaction of spot steel is always weak. The attitude of domestic steel market merchants tends to be cautious, and steel prices continue to consolidate downward. However, the current inventory level of the steel market is still relatively low, and the probability of a rapid decline in steel prices in the short term is not high. According to analysis, in the plate market, the overall price continued to fall. The decline in plate prices is deepening. Among the more than 20 major markets monitored by the institutions, prices in leading markets such as Shanghai, Guangzhou and Tianjin, as well as prices across the country, have fallen. The weekly price declines ranged from 10 to 90 yuan. The transaction has always been unsatisfactory, and the business mentality has been weakening. Market insiders believe that even in the traditional “peak seasonâ€, the downstream purchase of steel is limited. The prices of hot rolled coils are high and low, and they are mixed in each major market. Merchants' cashing psychology is aggravated, and high-priced resources are expected to continue to move toward low prices. In the construction steel market, steel prices are still weak, and the price of Shanghai, Guangzhou and other markets fell by 10 to 50 yuan a week. Site procurement is still not active, market volume has shrunk, and some merchants are looking for shipments, and the offer is loose. The current trend of the iron ore market is obviously weakening, and the price of the ore is weak. According to the relevant report of “Xiben Shinkansenâ€, in the domestic mining market, the price of iron concentrate in Hebei is basically stable, and the price support is generally weak. Imported ore prices fell slightly, and the Platts 62% grade iron ore index was $137 per ton, down $2 a week. Previously, the import mine price rushed to a high of more than 140 US dollars, and most steel mills turned to wait and see, reducing purchases. People in the mining city said that the current inventory of iron ore in the port has increased from the previous period, but it is still at a relatively low level. If the steel mill's production capacity of crude steel is accelerated, the steel mills in the later stage will need to carry out a new round of “replenishment of the reservoirâ€, and the space for the rational return of imported mineral prices will be squeezed. Relevant institutional analysts believe that domestic steel prices have been in a downward channel since mid-August. According to the China Iron and Steel Association, the average daily output of crude steel in the country continued to decline in mid-August, but it was still at a relatively high level, and the “destocking†of the steel market was far from over. In the short term, there will be no obvious improvement in domestic steel demand, and merchant shipments will be more difficult. The steel market will continue to be in a weaker pattern. Small Prefab Homes,Prefab Homes,Prefab Houses,Prefab Modular Homes Jinan Zhengtang Insulation Decoration Material Co.Ltd , http://www.ztwallsiding.com