The two sessions promote China's steel price to start rising mode

In the middle and last ten days of April, when the domestic steel market was in confusion, the opening date of the national two sessions was finally determined. Xinhua news agency, Beijing, April 29 -- the 17th session of the Standing Committee of the 13th National People's Congress voted on the date of the third session of the 13th National People's Congress. According to the decision, the third session of the 13th National People's Congress will be held in Beijing on May 22, 2020.

With the time of the national two sessions determined, the steel market also found its way. After the May 1st Labor Day, the domestic steel price started to rise. According to the statistics of CISA, in the first week of may (may 4-may 8), China's steel price index (CSPI) was 98.16. The price index of long steel is 103.74 point, steel sheet price index is 94.50 point. In the second week of may (may 11-may 15), the CSPI index is 98.73. The price index of long steel is 104.15 point, steel sheet price index is 95.23 point, week to week are rising.

The market tendency will have large effect on the steel price positioning of steel mills. BBN steel will also make policies refer to the market situation.