The domestic steel market shock downward in May.The current steel society inventory continues to fall, but crude steel output continues to hit record highs, market resource supply pressure is still large,Plus the acceleration of iron ore prices fell in May, the cost of their support decreased significantly.In June, with the advent of nationwide hot summer and rainy season, the steel market demand into the off-season, is expected to narrow in June, domestic steel market or adjustment.

According to Lange steel information research center of the market, according to the monitoring data on May 30, Lange steel national steel composite price index is 131.4, a 2.1% drop from the late last month.The long products prices index is 144.9, a 2.9% drop from the late last month;Plank price index is 115.1, a 0.7% drop from the late last month.

Crude steel output hit a record high, supply pressure is still large.Cisa, according to data from 5 months early focus on large and medium-sized enterprises of crude steel output reached 1.8 million tons, a record high, may reflect the market supply pressure is still large.

Steel social inventory continues to fall, steel inventories rose.Lange steel information research center of the market, according to the monitoring data on May 30, 29 key cities in China steel social inventory is 1384.4, is to reduce 1.59 million tons last month, a fall of 10.3% month-on-month, fell 18.3% year on year.

Iron ore prices continue to fall, cost support strength decreased significantly.In may, domestic tiejingfen, imported iron ore prices continue to fall, coke prices from down to up.Lange steel information research center at the cost of monitoring data show that using the original fuel production in May to buy carbon billet's average cost of a fall in April 209 yuan, down 6.6%.

Steel exports continue to rise, late relatively cautious optimism.Lange steel information research center survey released by the steel circulation PMI data showed that the steel circulation industry export orders index was 47.0% in May, down 3.1% compared with last month, reflect the steel trade enterprises export orders needs fall;But given the current global economic recovery, the developed countries especially the United States, Britain, the momentum of economic recovery is strong, China's steel exports are still relatively late cautiously optimistic.

"Stimulus" policies, steel demand is still awaited.HSBC released on 22 May, according to the latest figures on China's manufacturing PMI may initial value is 49.7, significantly higher than on surveys of 48.1, a five-month high, also higher than market expectations.Manufacturing steel demand is relatively good;But from Lange steel information research center statistics released steel circulation PMI, the total PMI index was 48.2% in May, fell 4.1%, to return to the shrink range, reflect influenced by factors such as real estate, steel market demand, market activity decline further.

Despite the recent central bank "targeted" and the national development and reform commission announced the first batch of infrastructure and other fields to encourage social investment projects 80 projects and the related policy stimulus, but for the iron and steel industry, steel demand has yet to be release project implementation and start-up step by step.

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