Billet Prices Hit New Highs

Data show that over the weekend, billet prices continued to rise, driven by the strength of the steel shock during the night session. As of July 13, the billet price once again refresh the year's new high, now including tax 3400 yuan/ton, storage spot prices with the rise, including tax 3500 yuan/ton, up 10-30 yuan/ton from last Friday, in the optimistic fermentation, the recent steel prices take turns to pull up, showing a thriving scene.

In addition to the promotion of the disk, this wave of rise is also related to the recovery of macro sentiment. At the same time, recent domestic infrastructure policies are also boosting market confidence. On July 8, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Housing, the Ministry of Transport and other 12 departments issued the "Implementation Opinions on supporting private enterprises to participate in the construction and development of transportation infrastructure", the policy face the direction of boosting the infrastructure to the bottom of the economy is clear, steel products as the most relevant varieties of infrastructure, later or benefit a lot.