Steel Mills Adjust Prices Again

- Mar 22, 2018 -

Steel mills adjust prices again

Today, the price of Taiyuan's guidance price 430 was unexpectedly lowered again by RMB 50/ton and reported to RMB 9,400/ton.

The recent two price adjustments did not give the market a lot of breathing space. However, in view of the market price in the past two days, the price adjustment pressure has already been expected.

Some traders have already shouted 9400 yuan/ton for the price of 9450 when the guide price opened lower on Friday. Today's Wuxi market Jiuquan part of the agency price also went to 9,400 yuan / ton, even if the steel mills do not adjust the price, the pressure of the market price drop is also close at hand!

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