due to the need to maintain low business confidence in the stability is not enough

Crude steel output down spiral shocks chonggao 8th morning screw-thread steel futures premium margin continued to narrow. As of closing at noon, Shanghai and Shanghai 20mm steel main 1210 contract between three levels of rebar price difference (in pound terms) shrink to around-$ 70, compared with the previous trading day minus $ 10. Central Bank unexpectedly cut interest rates as well as Tangshan billet rally boosted by national building materials from stock markets to stabilise today view the site, business owners wait-and-see attitude strong. EarlyShanghai, Beijing, Tianjin, most of the market quotations remain flat, and Chengdu market substantially by 70 per cent. But market reaction, due to the need to maintain low business confidence in the stability is not enough, most transactions is based on the actual price adjustment. On the raw materials, imported iron ore generally held steady, more for a single discussion, the supply and demand sides Agglutination, GeneralLimited. Billet market price alignment up yesterday, but today the phenomenon of stagflation presents a clear, meaning that in the case of an overall downturn in steel city, lower buyer prices sustainable is not recognized. Domestic tie jingfen, scrap, coke market continuing weak correction pattern, continued downward adjustments in some areas, deal light. Screw shock chonggao in early trading today, before the lunch break on the broken 4,120 visit the site, Trend slightly resilient, but still hard reverse. But we should see some positive factors are accumulating: rising steel and crude steel output down, interest rate cuts in late May, when accumulated to a certain extent these factors will have a more positive impact on the market. Relying on 4,150 continued to hold over the operation, new single admission is not empty.