June 11th, Baosteel issued the notice of the Carbon plate sales price adjustment in July. To maintain the level after-hours for three consecutive months, Baosteel July sales prices generally fell 100-200 yuan / ton, hot-rolled, cold & P generally cut by 200 yuan / ton, hot dipped galvanized, electro galvanized generally cut by 100 yuan / ton .
Baosteel pricing has said of the domestic steel market benchmark, its the first introduction of the prices of steel products in July, to have weakened the steel market and then covered with a layer of clouds.
According to statistics, Shanghai domestic steel prices from mid-April, all the way down, began to stabilize by the end of May. Steel prices and the market price of serious "upside down" huge pressure as middlemen steel trade enterprise. However, this pressure has been transmitted to the steel mills.
Analysts said the market steel inventories have been declining, but the steel pressure on the stock is larger, because the steel trade to the steel mill order to reduce in the case of no spread and poor end demand.
Baosteel price is usually higher than the market price of 200-300 yuan, "the analyst said," The stabilizing spreads, Baosteel conform to the performance of the market situation. Such a big price rises, a cautious attitude on the outlook reflects Baosteel.
According to the China Iron and Steel Association data, in late May estimated daily output of 1.9596 million tons of crude steel, mid ring fell 3.92 percent, the previous April and early May, crude steel output is still climbing to record highs . This shows that the steel mills began to cut. In May, the country's steel exports reached 5.23 million tons, an increase of 12 percent compared with April, but analysts believe that, subject to the debt crisis in Europe's shadow, the overall export environment is not good, not to the steel mills to bring large scale inventory cut.
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