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Factors affecting domestic steel market in April to run :
1 , less than expected economic data , the domestic economic recovery is still weak. A quarter of the country 's GDP grew by 7.7% , down 0.2 percentage points compared with 7.9% in the fourth quarter of last year , failed to extend the recovery situation ; March producer price index PPI fell 1.9% , a decline than expected raised concerns , the consumer price index (CPI) rose 2.1% , inflation is expected to be reduced , but the possibility of a new short-term stimulus policies is unlikely.
2 , Hastelloy tube demand is relatively weak , uncertainties still remain . 1-3 months, investment in fixed assets ( excluding rural households ) nominal growth of 20.9% year on year growth rate as last year , but lower than the 0.3 percent from January to February . January to March , the national real estate investment grew by 20.2% ( 23.50% over the same period last year ) ; housing new construction area decreased by 2.7% ( an increase of 0.30% a year earlier ) , means that the future demand for steel is not optimistic. With the introduction of local real estate regulation rules of the New Deal To improve sexual speculative shrinking demand , long-term or will affect housing sales and new construction .
3,316 L stainless steel channel late price or within a narrow range . April , iron ore prices a slight concussion , coke market continued downturn trend . As of the 24th , the Indian iron ore fines ( 63.5% grade ) quoted $ 139 / ton (CIF), compared to the end of March , up $ 1 / t . Shanxi mainstream secondary metallurgical coke factory 1180-1230 yuan / ton, compared with the end of March fell 70 yuan / ton. Currently mills for raw material procurement cautious, raw material prices may fall further in the future , but lower major domestic iron ore port stocks , are less likely to decline in iron ore prices .
4 , Tianjin steel pipe production run high . National Bureau of Statistics January- March of pig iron , crude steel and steel cumulative production was 178.23 million tons , 191.89 million tons and 245.51 million tons , an increase of 7.60% over last year , respectively , 9.10% and 12.30% ( respectively, a year earlier 3.2% , 2.5 % and 6.5% ) ; which in March of pig iron , crude steel and steel products was 61.62 million tons per month , 66.3 million tons and 89.61 million tons , an increase of 7.20% , 6.60% and 9.20% ( respectively last March 3.8 %, 3.9 % and 10.2% ) , average daily production was 1,987,700 tons , 2,139,700 tons and 2,890,600 tons . At present a large-scale domestic steel production has not yet appeared , maintenance , and some control over the production of steel prices could not ease the overall resource supply pressure.
5 , steel inventories slowly reduced. As of April 19 , the national inventory of five major urban society was 20,842,500 tons of steel , 470,000 tons compared with the previous week . Current inventory of stainless steel angle iron society has declined for five weeks , but hot rolled social stock has been showing increasing trend , cold-rolled and plate limited decline . Rebar inventory in major cities across the country a total of 9,951,100 tons , down from last week 327,200 tons , representing an increase of 2,303,600 tons ; wire of the total inventory of 2,831,200 tons , 122,400 tons less than last week ; hot rolling stock a total of 4.825 million tons , last week increased 41,400 tons ; cold rolling of the total inventory of 1,632,700 tons , 46,400 tons more than over the last week ; plate inventory total of 1,602,500 tons , last week by 15,300 tons. China Steel Association data , in early April at the end Steel Association member companies to 13,733,400 tons of steel stocks , late of 0.2% qoq , steel companies contract organizations still greater pressure.
6 , cycle or steel price increases will end . Baosteel May hot-rolled , cold-rolled and other mainstream varieties prices remain unchanged, but orders have increased discount rate . Wuhan Iron and Steel plate prices by 100-240 yuan / ton, Anshan Iron and Steel plate prices by 100-150 yuan / ton, Shougang HRC prices by 150 yuan / ton, down the river of steel sheet prices 200-250 yuan / ton , reflecting the late steel market still optimistic expectations .