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Decline narrowed in building steel market and turnover improved
Source:Xinsteel   Date:2014-09-30

The spot market prices of building material in 25th fell slightly. Steel prices inHangzhou,Hefei,Fuzhou,Nanchang,Nanning,Taiyuan,Shenyang,Harbin,Chongqing,Chengdu, Xi an,Lanzhou, fell 10 yuan -70 yuan / ton. The largest decline is 70 yuan/ton inLanzhoucity, prices inBeijing,Tianjinmarket rose by 10 yuan -20 yuan / ton. Now the average price in domestic market of HRB400 (20MM) is 2867 yuan / ton, down by 8 yuan/ton compared with the price of previous day.

 

From feedback of market, after typhoon past, the weather turn good, the downstream demand yesterday resume growth, feedback from the merchants show that turnover has improved especially for the material with low price. 


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