Commerce Department: steel prices rose five weeks straight
Commerce Department report released recently, domestic steel prices to a fifth straight week of gains. An interview with reporters yesterday, the industry which believes that the current steel prices are mainly part of the exploratory behavior of steel enterprises. In addition, the "4 trillion in investment programs" to stimulate the steel industry is still only at the psychological level, the real pull effect is expected to be reflected until the second half of this year.
Steel known as "industrial food" is known, plays an important role in the national economy; 4 trillion in the proposed central government investment program, iron and steel industry has been agreed that the biggest beneficiaries. In this connection, a telephone interview with reporters yesterday, many domestic steel producers. Baosteel
reporter called the company an anonymous person in an interview that the 4 trillion in investment programs for the industry will play an influential role, because it requires a certain period. "I think the second half to take effect, it has some lag, but the 4 trillion of investment plans of the steel market will certainly work to restore confidence." He said.
Reporter also call Tangshan Iron and Steel Shares, the company related to the answers given and the answer is almost Baosteel. He said that 4 trillion of investment is mainly used for infrastructure construction, steel, cement and other raw materials, demand-pull much. But so far, the actual results have not yet fully reflected.
"4 trillion in investment programs under discussion so far, steel prices rose five-week no direct role, because so far do not know the exact number of the enterprise or industry. But can not be denied, 4000000000000 pairs certainly boost the confidence of the market have some role. "The person that told reporters.
As for stepping up to buy Iron ore Concerned, the source said, "generally is the case." He also said the company has not stopped to buy iron ore, is now challenging marketplace, production will certainly play a certain role.
Orient Securities analyst YANG Bao steel industry that has recently been rising steel prices, is reasonable after the initial decline over recovery. As to whether they are 4 trillion to stimulate investment plans, he said, "relationship is not large, the current of mainly psychological," because the role of 4 trillion investment plans have not really reflected.
Steel industry is the top ten industrial revitalization plans have been developed but not yet the final release of the two industries. Some analysts have pointed out that with 4 trillion national investment floor, steel market will gradually pick up; to add "home appliances to the countryside," good policy countries such as the introduction of the steel industry has not been much upset.
Perhaps because of higher steel prices, domestic steel companies have begun to raise some of the first quarter of this year, product prices. In this regard, analysts pointed out that steel prices are generally up in the first quarter up exploratory and do not represent a material improvement in market demand. As to whether the future increases the sustainability depends on the actual situation in the second quarter.
Then, steel prices, why? Dongxing Securities Sun Jiqing that is the result of inventory adjustments. Steel prices stabilized, the downstream users to start building inventories, dealers have to restore confidence, boost steel prices. On this basis, iron and steel enterprises tentative price increases, but also strong demand for steel prices in the real recovery.
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