The steel market has rebounded for nearly three weeks. In the process of rapid ascent, some traders have different mentality. Last week, domestic steel prices generally fell back. However, the bottom of the price continues to rise and the situation is clear. The market generally believes that the price policy of first-line steel mills in September will rise steadily.

According to the latest monitoring data of the steel spot trading platform “Xiben Shinkansen”, last week, steel prices in Shanghai, Beijing and Guangzhou all showed an upward trend. Due to the rapid rise in the price of steel in the previous period, there was some disagreement in the industry, which led to the adjustment of steel prices in the later period. Some traders believe that the fundamental demand is not enough to support the continued rise in steel prices, so some speculative bottom-up sales. From the perspective of demand structure, the terminal stocking demand and the intermediate hand-hand trade have also dropped sharply. This also indicates that the surge in the previous period's transaction is at the expense of the post-dumping demand, so the demand is repeated and the price fluctuates in the near stage. However, the three-week single-week increase is still around 70-130 yuan / ton, indicating that the trend of bottom up is already clear.

Last week, domestic steel mills continued to follow the market to raise prices. The data shows that a total of 89 steel mills have raised their ex-factory prices on a working day last Friday. In the middle of this month, first-tier steel mills such as Baosteel will soon introduce a September price policy. The market is expected to be stable. According to the analysis, in late July, the demand for bargain-hunting established the bottom of the price. At the beginning of August, it is very likely that the steel mill pushed the price higher.

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Nickel is a versatile, highly corrosion resistant element that will alloy with most metals. Due to its corrosion resistance, nickel is used to maintain product purity in the processing of foods and synthetic fibers. It is highly resistant to various reducing chemicals and is unexcelled in resistance to caustic alkalies. In addition, nickel has good thermal, electrical and magnetostrictive properties. Relatively high thermal conductivity of this metal has lead to its frequent use for heat exchangers

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