Steel Billet Market Report Nov 2013
2013-12-03 17:51:43
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Domestic steel billet market consolidated and prices fluctuated at about RMB30/t in November.Asian Metal CopyrightDomestic steel billet market consolidated and prices fluctuated at about RMB30t in November.Asian Metal Copyright Reason were as follows.Asian Metal Copyright Reason were as follows.Asian Metal Copyright Firstly, without motives for increasing, steel prices were unlikely to decline either, supported by raw material production costs.Asian Metal Copyright Thirdly, environmental protection investigation and the phasing out of backward capacities did not lead to the reduction of production capacity, so supply for steel billet was still enough.Asian Metal Copyright Consequently, steel prices consolidated, influencing steel billet rates.Asian Metal CopyrightDomestic steel billet market consolidated and prices fluctuated at about RMB30t in November.Asian Metal Copyright Secondly, with tight liquidity capital, steel rolling enterprises and traders were cautious about purchasing and slowed winter stockpiling down.Asian Metal Copyright Consequently, steel prices consolidated, influencing steel billet rates.Asian Metal Copyright Thirdly, environmental protection investigation and the phasing out of backward capacities did not lead to the reduction of production capacity, so supply for steel billet was still enough.Asian Metal Copyright Thirdly, environmental protection investigation and the phasing out of backward capacities did not lead to the reduction of production capacity, so supply for steel billet was still enough.Asian Metal Copyright Fourthly, participants took an cautious sentiment.Asian Metal Copyright Secondly, with tight liquidity capital, steel rolling enterprises and traders were cautious about purchasing and slowed winter stockpiling down.Asian Metal Copyright Insiders were cautious about operating as no favorable factors for metallurgical industry were put forward after the “third session of the 18th CPC Congress” in mid this month.Asian Metal Copyright Firstly, without motives for increasing, steel prices were unlikely to decline either, supported by raw material production costs.Asian Metal Copyright
