C domestic steel market prices rose and then fell

Strip this week, rose more or less. Early increase mainly due to the New Year's north leading steel pull up 100 yuan and rising costs of steel C 60 greatest level rebound, eventually drag demand, lower prices at the same time deal with the spot upstream C-beam steel price adjustment due to transaction driven preferences, regardless of up or down is more cautious gains. Close of the year, many businesses ship more to return the funds mainly aimed at short-term upward price weakness limited downside strip, the strip is expected next week, more than the price steady consolidation.

Taken together, yesterday, C-beam market prices continued consolidation. With the volume decline, business confidence popular hit, basically to reduce ship-based library, no longer offer a substantial lift. Stock fuse again angry, slightly lower futures market, environment bad. Steel network that still too few resources, C-shaped steel reverse pull up the attempt to stabilize the market, is expected today in steel prices unchanged consolidation pattern.