BBN building materials: current steel market price rise, but still suitable for clinch a deal

According to market feedback, today's local construction steel market prices rose 80 yuan/ton, the BBN three-level earthquake-resistant steel HRB400E Ф 18 to 25 mm market price is about 3690 yuan/ton, clinch a deal the improved as a whole.

With the last weekend tangshan billet prices significantly increased, in some steel mills continue to help under the rise, most of the last weekend since the rise in prices relatively high, its continuous price increases, and the market trading atmosphere is relatively active. In terms of resources, BBN is currently mainly rolling four-grade seismic steel, and this month the local steel bar line is generally significantly reduced production, the market and BBN plant construction steel inventory is on the decline.

In general, due to the market high inventory still need time to digest, it is expected in the short term local construction steel market prices or a narrow range of shock and run, the temporary lack of sustained momentum.