据麦格理银行计算，今年螺纹钢期货价格迄今已下跌了12.6%，3月23日收盘价为每吨3542元人民币。
According to Macquarie Bank, the price of rebar futures has fallen by 12.6% this year, and the closing price in March 23rd is 3542 yuan per ton.
据麦格理计算，2018年1月和2月，我国钢材产值年比添加4.1%，大大高于国际其他区域2.5%的增幅。麦格理银行指出，2017年同期，我国的钢材产值下降了0.5%。
According to Macquarie calculation, in January 2018 and February, China's steel output value increased by 4.1% over the year, which is much higher than the 2.5% increase in other parts of the world. Macquarie Bank pointed out that in the same period of 2017, China's steel output value dropped by 0.5%.
报导称，去年年末，分析师开始看涨钢材市场，纷繁猜测我国为下降人口稠密区域的污染而采纳的冬季减产办法将导致今年年初钢材供给削减。
At the end of last year, analysts began to look at the steel market at the end of last year, and speculated that the winter reduction measures adopted by China to reduce the pollution in the densely populated region would lead to a reduction in the supply of steel at the beginning of this year.
报导称，杰富瑞投资银行股票研讨、金属和采矿部司理塞思·罗森费尔德说：“我们原以为库存会由于减产而下降……但实际上2月底、3月初库存却在添加。”
"We thought that the stock would be reduced by production reduction," said Seth Rosenfeld, the investment bank stock seminar, metal and mining division manager. But at the end of February and early March the stock has been added."
麦格理银行产品研讨分析师塞拉菲诺·卡波费里以为，我国也未出现从前这个时候通常会看到的需求添加。
Serafino Kaporfiri, a product analyst at Macquarie Bank, thinks that there is no demand added in China.
报导称，分析师以为这种改变有以下若干原因。
The report said analysts believe there are several reasons for this change.
加拿大蒙特利尔银行资本市场公司产品研讨部司理科林·汉密尔顿说：“信贷局势合理，修建活动低于预期，出口不如去年，重要的是，钢铁利润微弱，产值居高不下。”
"The credit situation is reasonable, the construction activities are lower than expected, the export is not as good as last year, and the important thing is that the steel profits are weak and the output value is high," said Colin Hamilton, a product seminar Department of Montreal bank capital market company, Canada.
当然，部分分析师以为我国的需求并未削减。
Of course, some analysts believe that our demand has not been cut down.
首先，今年以来，我国经济计算数字实际上已出现反弹，与经济添加下滑预期不相符。
First of all, the number of economic statistics in China has rebounded this year, which is not consistent with the expected decline in economic growth.
据我国钢铁行业网站计算，到3月23日这一周，我国钢铁厂的库存周比下降了4.3%。部分分析师乃至以为钢材价格可能反弹。

According to China's steel industry website calculation, by this week in March 23rd, the inventory ratio of China's iron and steel mills decreased by 4.3%. Some analysts even thought that the price of steel might rebound.

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