With the quick development of iron ore imports, the tax refund of galvanized steel sheets in the iron ore sector market is apparent, which will certainly have a particular "drag" on steel costs. According to data, my nation imported 82.52 million lots of iron ore in July, a year-on-year rise of 9.38 million tons or 1.25 million loads. The average cost of iron ore imports in July was 92%. Rates were $3 per heap, down $10.2 per bunch from June.
Iron ore inventories at China's 41 major ports have risen to 100 million tonnes since early February, not an excellent sign. Lately, the marketplace deal of galvanized steel sheet is not satisfying. Although the renovation of shanty towns has actually improved the steel market for a long period of time, it is difficult to accomplish evident lead to a short time, and also the real estate market will not rebound in a straight line. In addition, the current rise of trade rubbings is anticipated to enhance the stress on my country's steel exports.
With comprehensive judgment, in the medium as well as long-term, the entire galvanized steel sheet industry market often tends to enhance. In the short term, because there are still many challenges, it is challenging for the industry market to get out of the shock pattern, and also the shock is most likely to compromise. The rate modification cycle of leading steel mills will certainly continue following week, take notice of Chinese galvanized sheet mills.
The effect of quote patterns on the spot.
