Recent steel prices continue to rise

     Recent steel prices continue to rise, construction steel, sheet metal up far beyond the 100 yuan / ton. In terms of profitability, steel profits also increased, since the early low-cost iron ore, steel prices and the recent pull up more than 100 yuan, into the black. But after prices continued to rise, the real needs are being tested. While the steel market rose in April, but the fact of the first quarter trade deficit also unable to change.

     Iron and steel industry in the class of excess industry come today, but also for large-scale investment before paying. Current national economic downturn under pressure, adjusting the economic structure, the economic downturn endurance enhancement, Li Keqiang speech recently said it would introduce some measures to steady growth, but will not introduce large stimulus, more decentralization reforms to activate the internal market economy energy, infrastructure construction, such as maintaining economic stability.