Steel product price displayed a rising trend

In the data, the whole steel product price displayed a rising trend since 2016. As of October 21^st, the steel product composite price index rose 19.17 to 79.00. The key steel product price, such as high line, deformed steel bars,  hot rolled coil plate, respectively rose 27.4%、27.9%、44.9% year on year. The whole level of steel inventory was lower than last year. According to statistics, China main social steel inventory dropped 8.3% to 9.4 million tons year on year by the end of September. It increased 0.79 million tons at the beginning of the year, an increase of 9.2%. As the weather turns  cold, the fourth quarter of the steel product market gradually into the off-season demand. Social steel inventory will rise, but the whole level will be lower than last year.

Raw material rapid rose influence benefit of steel plate manufacturer

It was worth noting that the raw material phased price rose too fast to influence the profit of steel plate manufacturer. According to statistics, as of October 14, coking coal and metallurgical coke prices rose by CNY 507 and 849  per ton, up 81.4% and 126.2% from the beginning of the year. At the same time,  an increase  was 36.1% for steel price.

The government provide better support for steel plate manufacturer

In order to strengthen and enlarge a better trend of steel plate manufacture, the government will focus on  three aspects  work:

First, to deal with the relationship among steel capacity, structure adjustment and transformation promotion.

Second, to create a fair and orderly steel product market environment.

Third, to follow and analyze the price trend of steel plate manufacture, strengthen the prediction and prejudgment, ensure the steel plate price stable at a reasonable range.