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2017 steel price is expected to increase compared to 2016
[Release time:2017-04-05 10:23:49 ][Reading times:3603 ]

Subject to the weakening of export price advantage and the increase of international anti-dumping,China‘s steel exports this year is expected to suffer 10%-15%,From 2016 to 2017 in August, China‘s steel exports fell by 13 million 280 thousand tons compared to the same period in February,And part of the export volume has been reduced by domestic joke,Current domestic demand has exceeded market expectations.At the same time, the macro level is still mild,National Bureau of statistics, China Federation of logistics and purchasing jointly released data show,In February, China‘s Manufacturing Purchasing Managers Index (PMI) was 51.6%,For 7 consecutive months to maintain more than 50%;Industrial producer prices (PPI) rose 7.8%, hit a new high of nearly 9 years,And PPI continues to rise is expected to be transmitted to the downstream, and thus the formation of favorable steel prices。However, the trend of steel prices in the late still need to focus on the release of end-user demand, if the release of the intensity in line with expectations, then in the long run, there is still room for rising steel prices.

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