S355J0WP steel round bars price will be a "V" type in 2017

Throughout the price trend of steel in recent years, we can find that the price has a obvious seasonal characteristic:

There is a greater probability of steel price increase in the busy season, while the steel price will probably decrease in the slack season. Specifically, the steel price will increase in March and April every year,and also decrease in May and June. Therefore, based on the above analysis, we believe that the price of S355J0WP steel round bar will track the steel price and the profit margins of steel mills.

According to the seasonal variation of the steel price, we can make a general inference for the price trend of S355JOWP steel round bar.March and April is the busy season for steel market, the steel price increases will affect the price of S355JOWP steel round bar, we expect that the price of S355J0WP steel round bar will exist price fluctuation between 90 and 100 USD/MT. From May to July is the slack season for steel market, according to the previous years seasonal variability, the steel price will drop 5% to 10%, and the price of S355JOWP steel round bar will also follow, the

price fluctuation range will be 80-90 USD/MT. The steel market will get into the busy season in September and October, and the price of S355JOWP steel round bar will also have the corresponding change.

In conclusion, we believe S355J0WP steel round bar’s price will be a "V" type in 2017, and have a price fluctuation range between 80-100 USD/MT.

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