On June 11, the newly-introduced July sale price adjustment notice of carbon sheet. After a continuous three-month flat, Baosteel July general decline in the selling price of $ 100-200/ton of product, hot-rolled, common cold generally reduced by 200 Yuan/ton, hot-dip galvanized, zinc-plating generally reduced by 100 Yuan/ton.
LF pricing is known as domestic steel market barometer, it introduced the first July steel prices, steel market has been weakening, and then covered with a layer of clouds.
According to statistical data, domestic steel prices in Shanghai from the start all the way down in mid-April, to start to stabilise until the end of May. Steel price and market price appears "hung upside down" phenomenon of serious, acts as an intermediary of the steel trade enterprise pressure is huge. However, now the pressure is transmitted to the steel mill.
Analysts said that although iron and steel stocks on the market has been falling, but Mills inventory pressures are bigger because the steel trade operators in order no price difference case reduces to a steel mill, final demand is poor.
"Baosteel product price is usually higher than the market price 200 Yuan to 300 yuan," analyst says, "this ease spreads and Bao Steel market situation. And price ranges so large, reflecting the cautious on Outlook at Baosteel. ”
According to data from the China iron and steel Association, national estimates in late May yield 1.9596 million tons of crude a day, fell by 3.92%, had in April and early May, crude steel production is still rising, and has set record highs. Description This steel plant started production. In May, exports of 5.23 million tons of steel, a 12% more than in April, but analysts believe that, subject to the shadow of the European debt crisis, export the environment overall is not good, will not bring massive inventory reduction to the steel mill.
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