Consecutive months reported a flat plate, Baosteel cut sheet metal futures prices for July since 2012, Baosteel lowered for the first time the ex-factory price. Recently, Baosteel issued a plate futures price policy in July 2012, the sharp decline in the price of hot rolling, pickling, general cold, hot galvanized and other varieties, the range of 100 yuan / ton, 300 yuan / ton range.
Baosteel homeopathic price cuts
Although the state has adopted a series of measures, the market still faces enormous economic challenges. Lange Steel Information Research Center, Li Zhao, "The market demand is low, the main reason for Baosteel price cuts."
Downstream manufacturing is not the economy, the decline in May car production and marketing chain, a decrease of 31 new signed ship orders as compared to April, total retail sales in May of the home appliance is not ideal ... manufacturing purchasing managers' index in May compared with the previous fell by 2.9 percentage points, reflecting the weakness in the manufacturing industry status quo. Lange Steel Information Research Center, Wang Guoqing said Baosteel lowered the sheet are products of downstream manufacturing sheet products for the automotive, appliance, shipbuilding, pressure vessels and other downstream manufacturing industries. Baosteel price cuts a true reflection of the boom of. "
The late Steel City, die hard in the doldrums
Since 2012, Baosteel has been for months reported a flat plate. But since mid-April, steel prices have been declining. "In the case of steel prices continued to fall, the steel factory price is too high, squeezing the downstream profit is bound to cause downstream dissatisfaction. Policy of Baosteel continuous flat plate natural sustain." Said Wang Guoqing.
Domestic steel prices for more than two months to fall pre Wuhan Steel, Anshan Iron and Steel, Hebei Iron & Steel, Shougang, sand steel and other large steel mills have been made to reflect the downstream steel prices have lowered the plate ex-factory price. Lange Steel, director of network information, horsepower, said, "This is since 2012, Baosteel first cut prices Baosteel's price cut before market prices Budie,   Baosteel lowered the price will affect the market price limited. "
However, Baosteel price cuts to its expected market outlook is more pessimistic boost market confidence. Baosteel futures prices fell, is an objective reflection of the current downturn in the market. "Li Zhao went on to add," also enhanced the latter part of the domestic steel market is difficult to get rid of the expectations of the depressed state in the longer period of time. "



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