Continuous strong after three months, Baosteel recently made to float downward adjustment in July futures selling price. As of yesterday, the domestic Anshan Steel, Wuhan Iron and Steel and other steel big yet to follow suit, but the Shanghai Steel Union that mainstream steel prices will be a steady weakening of the main overall price rises of less than 200 yuan / ton in July.
Baosteel in most of the products for three consecutive months out of the price of the flat plate, the sharp decline in the product ex-factory price in July. In addition to the same price of the individual species, the majority of the price for the reduction in the range of 100 yuan / ton -400 yuan / ton range. Baosteel as the industry benchmark, the price adjustment policies have been caused by the volatility of the spot market. According to yesterday's price index for all 10 sub-index, in addition to the two species of rebar, wire rod to maintain the 0.11% and 0.10% of the annular outside was up five varieties of steel profiles, thick fell, the other three species prices will remain unchanged.
At present, domestic Anshan Iron and Steel, Wuhan Iron and Steel and several other steel giants have not yet announced the ex-factory price in July, but according to the policy point of view of the two companies in June, Anshan Steel, Wuhan Iron and Steel down steel prices in July is very likely. In fact, the Wuhan Iron and Steel in June have been taken to the "steady down" strategy, the majority of species per ton fell below 100 yuan. Anshan Iron and Steel Company is in the "down" on the basis of given steel traders "hidden subsidy".
Shanghai Steel Union released a research report that the mainstream of steel prices in July or will be a steady weakening of the main, of all varieties is insignificant: it is expected that the coated class, cold-rolled plate is still weak, the price adjustment in the range of 0 to -200 yuan / ton; hot-rolled class performance is acceptable, is expected in the range of 0 to -100 yuan; rebar in mid-or will continue down the range from 0 to -100 yuan / ton. Drop out at the same time, some of the steel mills or will traders given the makeup of different levels of price, in order to attract orders. For the early phase of the flat plate of steel, if the market outlook, stock market, steel prices continue to fall, is expected to price policy will also be weakening.
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