Autumn in October, coincides with the steel market so-called demand season, although as of today, more than half a month has already disappeared, demand for steel, but did not see the "warm", remains in the doldrums, less than expected, the decline in steel prices continue. "Nine gold", "silver ten" expect both frustrated, but away from the Spring Festival more than 3 months time, upstream and downstream to the steel city more and more confused, autumn season is actually no venga, or slumping over...

macro surface slightly positive. According to the National Bureau of statistics released data show that: China's three quarter GDP grew six, 6.9% years for the first time below 7%. From the chain, the three quarter GDP growth of 1.8%. In the gloomy economic data, decline in market demand, real economy overall weakening background, national policy support significantly overweight, including the recovery of unused financial stock funds for steady growth and protect the livelihood of the people spending, expansion of fixed assets of accelerated depreciation allowance range, support the introduction of specific measures for public entrepreneurship, innovation and peoples, reduce first suite Shoufu ratio. Under the worries of deflation, the central bank continuous drop must cut interest rates, macroeconomic regulation is also changed, from the beginning of microstimulation to moderately loose, introduce to the recent bank credit pledge loans to Chinese version of QE, national macroeconomic steering and national policy to support efforts to add code for commodity prices is substantial positive, but for steel to be concerned, but need time to digest.

infrastructure. A few days ago, the national development and Reform Commission approved eight projects, total investment of 95316000000 yuan, as of the end of 9, a total investment of 1813100000000 yuan investment projects, new infrastructure and work, will stimulate the increase in domestic demand market, and the country to increase the shantytowns and implementation, will be to stimulate demand for another major move, the new project is not very obvious, but in the long-term, to a certain extent, or to drive part of steel.

steel mill. Steel Shagang in construction rebar do not adjust led by late October, valvata, high speed wire rod were down 30; now three screw 2000300 wire 2120, valvata 2130, of screw, plate, wire are not fill, little fluctuation to other steel mills, East China region as a whole due to shagang late policy flat push very price will obviously, businesses a price will not, but at the end of the under pressure from all sides, market or will continue to narrow weak adjustment; Central China, northwest and southwest for steel mills have increased production maintenance efforts, the arrival of market resources has been tightened. Although this can not fundamentally solve the problem in the industry, but in the short term both for the steel price support and reduce steel enterprises in the plant inventory, have played a positive role. However, from the point of view of the listed steel companies announced quarterly, the third quarter, most steel enterprises are loss making state, in the near future, "the 10 steel debt event is continuous fermentation, as a large central enterprises are facing debt default risk will undoubtedly give originally difficult domestic iron and steel industry cast a negative image of a disgraceful, or the latter part of the domestic steel enterprises will face a borrowing more and more difficult problems.

with the advent of winter, the north will gradually shrink, if there is no large area of steel production, the North oversupply situation will further deteriorate, when the North material South boom start, whether South market or the north market, will face a severe situation facing supply and demand contradictions. The macro side of good news is only for the long-term good, short-term boost limited. The present situation, main resistance of steel city, the contradiction between supply and demand for steel prices rising, atrophy of the lower orders, steel need to hopeless, steel, good news is hard to find, the winter market throw not in the past.