Steel industry: This week the cold plate price appears to rise significantly

Iron and Steel Weekly Highlights (05.18~05.22) Domestic steel Price: Due to the current downstream demand structure is more inclined to the long wood products, to screw steel, wire for the representative of the construction of steel demand exuberant, this week the price of a little callback continued to spike. and hot-rolled plate due to the lack of capacity and demand mismatch, the number of transactions in the early prices began to shrink after the rise, continue to rebound confidence. The price performance of the best products for cold-rolled sheet; Inventory: This week we visited Shanghai Steel Warehouse, the current changes in the stock of steel. At present, rebar overall inventory significantly lower than a year later, the inventory of the new factory in April, and the backlog of rust products are basically difficult to see, reflecting the product flow rate is good. And the stock backlog of plate products is serious.　　Shanghai region this week, rebar inventory of 308,200 tons, down 5.9% from last week, hot-rolled coil inventory of 793110 tons, down from last week 0.8%; international steel Price: Due to the East Asian market long material prices began to rebound, some of China's exports to the Korean market rebar offer increased, the future of the export is expected to Raw materials: This week, Hebei region 63.5% iron powder spot price of 690 yuan/ton, compared with last week's price fell 10 yuan/ton, Tianjin port 63.5% grade Indian iron ore price of 570 yuan/ton, compared to last week's price rose 10 yuan/ton. Because of the price advantage of imported iron ore, most of domestic steel mills have a significant decline in domestic ore purchasing demand, and the mines are facing difficulties in operation. According to our sample of mine, some parts of small mines have been discontinued by nearly 70%, and the production of large state-owned mines is more than 30%. The current backlog of iron ore in the country's main port reached 72.75 million tonnes this week, up 0.83% per cent from last week; Profit monitoring: This week, the price of cold-rolled products has risen, bringing the product margin back to positive. We simulate the main products of key enterprises profit changes are as follows: hot-rolled plate margin fell 12 yuan/ton, gross margin fell back to-3.9%; rebar margin fell 5 yuan/ton, gross margin fell to 6.9%; the margin of cold rolled sheet rose 110 yuan/ton, the gross profit margin of 1% yuan/ton, the margin of heavy plate Gross margin fell to-8.6%.