Domestic steel prices are first suppressed and then imported mineral prices continue to fall

After the National Day holiday, the domestic spot steel price experienced a process of first restraining and then rising, the market turnover slightly recovered, but whether the volume of terminal demand can continue to be observed remains to be seen. Imported iron ore prices continue to fall, while global ore supply is still growing. According to the latest market report provided by the domestic steel information agency “My Steel”, the domestic spot steel price composite index closed at 152.06 points in the most recent week, up 1.84% in the week. After the holiday, the inventory pressure of the steel market has generally increased, while the end users have more wait and see, most of the merchants cut prices to actively ship, and the market performance at the beginning of the week was light. By mid-week, steel companies in some regions had restricted production in advance, and the latest pricing of mainstream steel mills has risen steadily, and market sentiment has improved. The black futures market pulled up strongly, the billet price rebounded, and the spot steel market also actively rose, and the market turnover picked up. In the construction steel market, prices rose slightly. The price of tons in Shanghai, Hangzhou, Jinan and other places rose by 10 yuan to 150 yuan / ton a week. Only Shenyang and Harbin prices fell slightly. At present, the implementation of environmental protection policies is making the production and sales of steel mills more balanced, the market supply and demand level has improved, and the construction steel prices have stabilized and rebounded to have a certain market base. In the board market, prices have generally increased. The price of hot-rolled coils has risen sharply. The price of tons in Shanghai, Guangzhou and Wuhan has risen by 60 yuan to 180 yuan a week. From the perspective of inventory, the overall resources of the market are still relatively small, and the willingness of steel mills to have a relatively high price is relatively strong. The consumption pressure of the market still exists, and the price may also fall back after a short period of time. The price of plate has risen sharply. The price of tons in Shanghai, Shenyang and Xi'an has risen by 50 yuan to 260 yuan a week. In some markets, there is a certain price high phenomenon, the actual shipment of the business is not very satisfactory. The iron ore market is still generally weak, and imported ore prices continue to fall. According to the latest report of the “Xiben Shinkansen”, in the domestic mining market, the price of iron concentrate in Hebei Province after the holiday was basically stable. Imported ore prices continued to fall. As of the 12th, the Platts 62% grade iron ore index was $58.1 per ton, down $3.25 from the pre-holiday period, setting a new low since late June this year. In the current import mines, demand is falling, and supply is on the rise. In the past month, Australia's iron ore supply has increased significantly. Relevant institutions believe that the fundamentals facing the current domestic steel market are still intertwined. On the one hand, the market supply has contraction expectations, but on the other hand, the northern market has entered the low season of demand, and the market's expectation of market demand is pessimistic. In the short term, domestic steel prices will enter the running track of the range consolidation.

Towel Rack

How To choose towel rack for bathroom?

An 18-inch towel bar is ideal for hand towels, a 24-inch towel bar works well for bath towels and a 24- to 36-inch towel bar is ideal for bath sheets. Choose a towel bar that matches the proportions of the bathroom.

Why we need towel rack products in bathroom?

Towel bars are a good option if you have a lot of wall space near the tub or shower. Towel bars allow towels to dry without being bunched up, so they dry faster than towels might on a hook or ring.

Our company have gravity casting machines, CNC machines, grinding flats, high-precision measuring instruments and processing equipments. We also employ a large quantity of technical personnel and management personnel and a very professional sales team which will always respond to your queries immediately. Our products mainly are Basin Faucets, Kitchen Faucets, Shower Faucets and other sanitary ware accessories. Furthermore, we have already passed ISO9001: 2015. "Gain development by quality, Win customer by reputation" is always our aim while coordinated with our clients and has been leading us to the exportation of all over the world.

Towel Rack, Towel Ring, Hand Towel Holder,Towel Bar,Towel Hanger

Kaiping Jianfa Sanitary Ware Co.,Ltd. , https://www.jfsanitary.com