steel price for this month

June 7, the relevant agencies monitoring data show that in the past
week (May 30-6 3 May), the domestic spot steel prices slightly higher
overall, but the differences are significant regional trend.
    As of June 3, the Shanghai area weekly steel price rose 30 yuan /
ton, at 4890 yuan / ton; Beijing strong regional steel price rose 70
yuan / ton, reported in 5090 yuan / ton; while steel prices were flat
in Guangzhou region, reported 5290 yuan / ton.
    Analysts believe that after the Dragon Boat Festival in the low
inventories and demand for end-driven replenishment, construction steel
prices are still slightly ascribed power. However, the overall bearish
macro side, commodities in general in a weak steel prices up space will
be inhibited.
    Trend of differentiation of varieties of steel
    Latest data show that domestic steel prices index last week rose
0.34%, which rose 0.70%, long products, plate down 0.06%.
    From the price index, prices of long products is stronger than the
price of plate varieties. Inventory data from the point of view of
steel, long products to the inventory levels have significantly
stronger than the plate type varieties.
    Statistics show that China's major cities last week for 13 weeks
distributor inventory levels fell, a decline of 1.3% in inventories
fell 2.9% in long products, flat sheet stock rebounded by 0.2% qoq.
    In addition, according to the relevant institutions to monitor last
week, prices of major steel mills cautious price increases. From early
June the price policy, Sha Steel, Hebei Iron and Steel's wire rod,
rebar prices remain unchanged, but the sand Steel, John Steel, transit
prices were raised on a spiral disk 50 -150 yuan / ton.
    Analysts said the varieties of steel continue to divide, the
current variety of long products is still obvious advantages, the high
proportion of long products have certain performance guarantees and the
company have the advantage.

edited by stone coated metal roofing tiles