In Oct. 7th, S355J2 steel etc. hot rolled steel rices is weak and downward, the market turnover is not optimistic, not willing to increase the stockpile, and it is mainly scattered procurement.
Businessmen feedback that the recent hoarding of goods is not strong, and most of them are post-settlement resources, so the impact on S355J2 steel market prices is slightly greater, all want to sell at high prices quickly, so as not to continue to fall.
At present, S355J2 steel mills are also actively looking for ways to break through, mainly by exporting and reducing prices, other no obvious action. In the case of profit, S355J2 steel mills also expressed no intention to reduce production for the time being. Therefore, the short term, the lack of market supply reduction, and downstream reservoir function, risk to pile to the mills, short-term price is still in the downlink channel.
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