After the short round of price callback at the end of July and early August, the price of construction steel begins to rise from the middle of August.
For the demand,the constructionsteel of Beijing,Shanghai, ect market is steady rising recently and the trading volume is active. The later demand's better prospects is also below the surface.secondly, The date released by the department of housing and urban-rural development shows that until the end of July, the construction of low-income housing in cities and towns across the country has been started 5 million sets, basic built 2.8 million sets to reach the annual aim task of 79% and 59% respectively and complete investment of 620 billion yuan.The annual plan targets for 6.3 million sets of new development, basic build target for 4.7 million sets. Later the government will speed up the implementation of the annual construction tasks.
For the supply, construction steel market resources supply pressure slows down. For the production, in August, the plan volume of deformed steel bar production for 80 companies in China is 11.86 million tons, which only increases 0.1% than July, the plan production decreases in North China, northwest and northeast.
For the stock, until 16th August, the national construction steel inventories is falling for 22 weeks. Decreasing inventory shows the strong demand ability, at the same time, it also means that the later market supply pressure is small.
The good basic trend of supply and demand and combining with the traditional "golden nine silver ten" busy season is coming, it means the construction steel prices rebound space is opening.
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