Steel Quarterly Report: Lack of Consumer Confidence, Concerns About the Rhythm of Resumption

Gold Ten Futures September 25th news, steel prices fell sharply in the third quarter, the main factors of the decline is the loose supply, the old national standard stampede out of the warehouse and the export trade volume is low. At the beginning of the third quarter, steel mills produced high molten iron, has shown a trend of loose supply. Superimposed in August to switch the new standard, the market for the circulation of the old national standard rebar is worried, in the risk-averse mentality, the East China market stampede shipments phenomenon, rebar prices accelerated decline. Overseas anti-dumping investigations increased, steel exports weakened in June and July, prices fell endlessly. Looking forward to the fourth quarter, real estate inventory is high, real estate consumption of threads is limited; in the traditional off-season, traders speculative demand for winter storage is weak. If steel mills resume production cautiously, the space below the steel price is limited, showing weak fluctuations. If the pace of resumption of production accelerates, steel prices may decline faster.