Steel Billet Market Report Sep 2013

Though September is the traditional sales peak season, steel prices declined in September as steel and steel billet prices have reached the top point in August. In addition, steel billet prices also struggled and declined by RMB100-150/t in September.Asian Metal Copyright In addition, steel billet prices also struggled and declined by RMB100-150t in September.Asian Metal Copyright Main reasons for the continuous decline of steel billet prices and the sluggish market in September are as follows.Asian Metal Copyright Main reasons for the continuous decline of steel billet prices and the sluggish market in September are as follows.Asian Metal Copyright Firstly, steel billet inventory increased compared with that of August and dealing activity worsened, so steel mills were under greater sales pressures.Asian Metal Copyright In addition, steel billet prices also struggled and declined by RMB100-150t in September.Asian Metal Copyright Secondly, the expected peak season of “Gold September, Silver October” in steel market did not realize.Asian Metal Copyright Firstly, steel billet inventory increased compared with that of August and dealing activity worsened, so steel mills were under greater sales pressures.Asian Metal Copyright Demand became weaker and problems carried by the excessive purchases in the former period began appear.Asian Metal CopyrightThough September is the traditional sales peak season, steel prices declined in September as steel and steel billet prices have reached the top point in August.Asian Metal Copyright Thirdly, mainstream large steel mills started to reduce the ex-works prices of finished steel.Asian Metal Copyright Demand became weaker and problems carried by the excessive purchases in the former period began appear.Asian Metal Copyright