On the 21st, the price of construction steel in Zhangzhou market fell again and the turnover was generally low. As of press time, three steel high-line Φ8-10mm market price 5310 yuan / ton, three steel rebar Φ16-25mm market price 5150 yuan / ton, three steel spiral snail Φ8-10mm market price 5620 yuan / ton.
The recent local market prices continued to weaken, the main reason is the futures and billet prices dropped significantly, resulting in market mentality impaired, merchants sentiment is more serious shipping so that the market price continued to weaken. Looking at the current market situation, with the gradual normalization of the steel mills' production, the market resources have been supplemented. The scarce resource price increases have been greatly alleviated and fare increases have shrunk. In addition the current social stock in the province of about 400,000 tons, still in a state of low inventory, so the probability of a substantial downward market price is unlikely. Expected in the short term the local market price or shock operation based.
