National steel stocks continue to decline significantly, the current inventory levels fell by 7.59% over the same period last year, a record low this year. Steel mills due to loss of production increase, as well as some areas of infrastructure projects started to improve, driven by the domestic steel market stocks decreased significantly, the market supply pressure has slowed down. < br > < br > October 23 evening, the central bank announced one year time deposit and loan benchmark interest rate 0.25 percentage point cut in, and heavy deposit reserve rate of 0.5 percentage points. At the same time, the standard of financial institutions to meet the additional set to drop quasi 0.5 percentage points, and announced on commercial banks, rural cooperative financial institutions, rural banks, financial companies and other financial institutions will not set up a floating ceiling. < br > < br > analyst said that this is central bank in the third time "double falls, since November 2014 the central bank has the sixth interest rate cuts, the fifth drop quasi, monetary policies to speed up a loose on the one hand, reflects the central bank to maintain the steady growth of the money market loose environment to help, on the other hand also shows that the current economic downward pressure. Through the "double down", the social cost of financing is expected to further reduce, to ease the debt burden of iron and steel industry will play a positive role, for the improvement of the downstream steel industry, the demand for real estate will also form a good.

but in the medium and long term, to cut interest rates to boost the role of iron and steel industry limited. On the one hand, the bank even if there is adequate credit line, also do not want to invest in excess capacity and a serious loss of the steel industry; on the other hand, iron and steel enterprises operating difficulties, generally reduced investment and inventory accumulation, the overall demand for loans has shrunk. Therefore, the central bank in the "double down" on the overall impact of the iron and steel industry is still limited, the domestic steel market to reverse the current predicament, will still can only hope that in industries with excess production capacity gradually cut and the real needs of the market rebound. Insiders also pointed out that the steel market demand is still facing a slowdown in the pressure, while the domestic steel industry, environmental pressures are likely to continue to increase, in addition to the industry to capacity, structure upgrade is likely to further accelerate.

with the gradual increase in the number of steel mills cut, the domestic steel market stocks continued to decline, the current national steel stocks have dropped to the lowest level in the year, the supply of steel to reduce the role of supporting role gradually emerging. Coupled with the central bank to cut interest rates in a row, to a certain extent, boost demand for steel and market confidence in the steel market. The expected short-term domestic steel prices or a stable inflation trend.