Domestic steel prices after consolidation fall

⊙ reporter Zhu Yuchen 0 editor Zhu Xianjia is affected by the liquidity tightening, the domestic steel market after a continuous rise in the early period, the cash markets are strong intention to profit.　　According to the spot trading platform "west of the Shinkansen" data, last week, most of the price of steel varieties have come down in different ranges, of which the price of building steel fall relatively large. According to statistics, 1 to October China's steel bar and wire production were 164.773 million tons and 87.879 million tons, year-on-year growth of 13.8% and 10.9%. The average daily output of bar steel bars and wire rods in October was 549,500 tons and 278,000 tons respectively, and the chain fell 3.4% and 0.5% respectively. There is an industry view that, according to the time node, "冬储白菜" has come, to the central China region as the starting point to the north, the relative demand season can continue to decline from 30 days gradually, some areas in north China has been close to absolute demand off-season.　　As a result, there is little time left for the small peak of consumption since November. However, under the influence of energy conservation and emission reduction policies, domestic construction steel production will continue to maintain a relatively low level, the recent market inventory remains a significant downward trend. The news from the industry shows that the steel supply in Hebei province is still difficult to achieve full normalization of steel, since the late Friday, Hebei Tangshan Rich area began a round of 5th power rationing. In the domestic market gradually digestion, inventory costs gradually rise, overall, the later domestic steel market will continue to maintain the bottom elevation, vibration operation.