The starting performance of the steel market in December is generally strong in winter storage policy

Today, the rising and falling of the steel market, the quotation is slightly chaotic than yesterday. The threads have weakened in many places, of which Wuhan and Nanchang’s prices have declined slightly; hot rolls still have a rise in small markets in the southeast and southwest. Most of the varieties of cold rolling, middle plate, galvanized and other varieties have maintained smoothly, and Tangshan steel blank has a slight rise. The overall market is still weak, and the market watching emotions is still strong.
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Today’s market has begun to have winter storage policies. Due to the long winter storage time, less than 3 months, as many as 4-5 months, calculating funds, warehousing, logistics, management costs, etc., equivalent to the cost of 150-200 yuan/ton per month. The price of this price is not great. It also needs to depend on the expectations of merchants to the expectations of next year and the intention of taking over, as well as the winter storage policy of other steel mills, generally watching.
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From the current point of view, in December, the start performance is average. At present, the market is expected to not improve on the one hand, and on the one hand, the weakness of supply and demand is still continuing. Due to the demands of the annual output index of the annual production, and the large steel production of large steel species this Friday, the steel mills and coking mills are still in a small loss, and the pressure of cash flow is still great. The entire market was adjusted after the rise of the end of November.
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