After the recent sustained market "winter", the domestic steel market has finally ushered in a continuous rise in prices, demand volume, steel prices continued to rise sharply. The iron ore market because the supply of large ore prices fell.

According to the well-known steel information organizations "steel" to provide the latest market report, last week, the domestic spot steel price index closed at 95.16 points, the week up 3.74%. At present, the steel futures market strong shocks, steel prices are also rising, spot steel city prices rose sharply, rose further. After the festival, the steel city heavy demand terminal, to accelerate the pace of procurement, market volume and price, good business mentality. In the short term, the steel city of new volume less inventory in the steel city gradually digest, upward support.

According to the analysis, in the construction steel market prices rose sharply. Shanghai, Guangzhou, Wuhan and other places ton price rose 20 Yuan to 220 Yuan a week. In the Beijing Tianjin Hebei market, prices rose sharply, some specifications of products out of stock, and downstream demand for good, some businesses even reluctant to sell.

In the plate market, the price is also a substantial rise. Hot rolled coil prices rose significantly, Fuzhou, Shanghai, Guangzhou and other places ton price rose 20 Yuan to 170 Yuan a week. A considerable part of the market in the volume of market purchases, business mentality. Plate price shocks, Shanghai, Guangzhou, Beijing, Tianjin and other places ton price rose 10 Yuan to 130 Yuan a week. Because the market sells resources tight, transaction and in turn for the better, so businesses bullish mood is concentrated.

The iron ore market due to increased supply, the weakening of ore price stability. According to the latest report of the organization, in the domestic ore market, Hebei iron ore prices basically stable. In April, some domestic mines resume production, the market supply began to rise, sales have increased the pressure. Imported ore prices fell slightly, up to 7 days, Platt’s 62% grade iron ore index reported closed at ton $54.3, a week down 0.8 U.S. dollars. Recently, the major domestic iron ore port stocks soared to nearly 1 tons level, shows the iron ore market supply is still loose.

Relevant institutions analysts believe that the current steel market in the traditional consumption season, the demand side is still strong support. It is worth noting is that the current domestic market steel inventories are low, new mills factory resources to complement the insufficient, tight supply will continue to support the domestic steel prices up easy or difficult situation, steel prices still rise in the short-term.