[Ferro-Alloys.com] According to Shougang Group,based on the order price in April, the price(exclusive of tax) of general cold steel strip in May will be increased by RMB400 in south China, and the price(exclusive of tax) of other steel strips has increased by RMB350, the details are decided by the documents of the steel mill. 

Currently due to the lack of new purchase of steel mills, many specifications are out of supply, the ongoing price rise has been supported by the low inventory. According to the policies of panel products introduced by An Steel Group Cooperation and Bao Steel and Wuhan Iron and Steel (Group) Company, the price of cold steel strip will continue to rise. Motivated by the rise of ordering cost, the sales prices will increase directly, which sparks the sellers’ expectation. It is estimated that the price rise of cold steel strip will last in the near term.

However, a source from Hebei Dexing Panel Products Co.,Ltd told us that the sales are few though the price keeps rising. It is necessary to remind that due to the global negative economic situation and the demand downturn and the over production capacity of alloy industry, the soaring of the price of cold steel strip is temporary, the late market operation will face great pressure. 

• [Editor:Yang Xue Jiao ]