Statistics show that as of yesterday, China's 29 major cities in four major steel varieties of stocks reached 2004 tons, a record high.

China Steel Association's latest data show that in February China's daily production of crude steel more than 1.82 million tons in late February reached 1.912 million tons, reaching a record high. At present, China's daily crude steel production over the same period last year, 120,000 -15 million tons per year, a month is about 400 million tons, the output surge in the short term, and demand has not yet fully started, resulting in a new high of 2004 million appear. Beijing stock has been rising for four consecutive weeks, steel prices fell to the bottom.

Steel traders believe that the recent market by the real estate regulation and control policy spread greatly. Yan Jin, chairman of Beijing Jin Daewoo Trading Co., Ltd., said their steel supply to a number of construction sites, with the country more and more stringent implementation of real estate regulation and control policies, has affected the site started and steel demand. Former Hebei Iron and Steel Market Management Minister Han Weidong that "with the Shougang shutdown, a month Beijing to reduce the supply of 250,000 tons of building materials." At present, there is no steel enterprises to make up the remaining left Shougang vacancies. "Beijing this year as long as the demand to start, there may still be a shortage of steel situation.