Consumption season is coming, the space of steel prices is still upwards

steel price is rise always from January and February this year, which makes the market bullish atmosphere together again.March will be comes, some analysts said the supply and demand of steel market is expected to improve in the future , and support steel prices further upward.
Upstream the iron ore market, steel prices fell back slightly after the highest reached 741.5 yuan/ton.Spot market to caofeidian port of Australia Newman powder (62.5%) as an example, the wet end of the month the price is in 755 yuan/ton, up within one month of 55 yuan/tons.
It is worth mentioning, statistics of the 45 main port iron ore inventories last week to 130.81 million tons, a very high record, but analysts remain bullish.Analysts xiao-jie li think iron ore still will to give priority to with the strong shock pattern recently, a limit production for environmental protection and cost are also the big support for raising in price.