The internal prices for steel of various brands jumped 1-2% on the first full working day after the meeting of the lunar New Year in China. After a ten -day break, the prices for reinforcement rose immediately by $ 15 - 20, for sheet steel by 10 -15 dollars/ton and a long rental of $ 10/ton.
During Monday, the main indices of the steel market of China increased by 1-2%. The average -ined price for metal rental added 49 points, increasing by 0.75%.
However, the futures prices for steel on the Shanghai Metal Exchange fell by 2%, decreasing to the minimum level from the beginning of this year. The quotes of basic metals on the London exchange also decreased: copper sank by 0.64%, aluminum with delivery in three months fell 1.2%and Nickel fell in price by 2.7%. Most analysts associate the fall in basic metals with a decrease in consumption during holidays in China.
Meanwhile, participants in the Chinese steel market await the surge of activity in construction and mechanical engineering in the near future, predicting the take -off of prices for metal rolling in the coming days.
Chinese steel market is growing rapidly after the holidays
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Azovpromstal® 19 February 2013 г. 09:06 |
