The trend of steel prices are expected to continue to rise

Recently environmental themes continued to force,Jiangsu, Henan province, many steel factory stop production due to environmental protection, the production of steel to show a significant acceleration in the market, the formation of a significant boost our confidence.
According figures,35 major markets across the country of the Screw thread steel stock is 3923000 tons.Increase 48000 tons, an increase of 1.24%.However,from the point of nationwide wire, rebar, hot rolled coil, cold rolled coil, medium and heavy plate five varieties of stock is 8924000 tons.Compared with last Friday, an increase of 104500 tons, an increase of 1.18%.
Industry insiders say that the steel market stocks rose for second consecutive weeks.However, the current national steel stock levels decreased by 24% compared with the same period last year.At present the industry is in the low season,High temperature and heat of the occasion of the transaction is relatively flat.
From the survey of IOT steel logistics Specialized Committee,published by the steel industry PMI index ,we can know that the index reached 50.2% in July,increased by 5.1% compared with last month.The production index, new orders index, new export orders index rebounded significantly in July,with the steel prices, steel companies profitable to enhance production capacity to accelerate, the steel industry and downstream industries and export demand also increased.
In addition, in August 1st,East China leading steel factory in early August price policy,on the factory price of thread steel raised 70 yuan / ton,show that the steel factory still confident.Enforcement of environmental protection continuously strengthen,leading steel factory raised prices, will help boost market confidence, boost steel prices.
Analysts said t,although the current domestic steel market is still in the traditional low season,active fiscal policy is expected to rebound in demand price,Environmental enforcement is expected to cut supply,Market supply and demand situation tends to improve,in the short-term domestic steel prices will continue to rise trend is expected to continue.