Facing the huge market pressures, prices of as Baosteel, Wuhan steel processing comprehensive decline in July, angang yesterday lowered steel prices next month as scheduled.
　　 According to the price adjustment file, in July the company hot-rolled coils for downward 130 Yuan/ton, down 200 Yuan/ton of plate, cold rolled reduction from maximum, up to 300 yuan/ton. Pickling, cold, zinc-plated Board also has different range downward.
　　 Three large steel mills have cut prices, Changjiang securities analyst Liu Yuanrui said, on the one hand are subject to manufacturing slack demand gradually come down, one hand and release some spot in the early fall of price differences risk upside down, conducive to the stabilization of the spot market and terminal manufacturers ' sentiment.
　　 In Liu Yuanrui's view, despite the recent decline in steel prices in the domestic market gradually narrowed, but sheet metal product remains vulnerable falling trend, especially in cold rolling and plate varieties. In addition, since March the company using cold product ex-factory prices were unchanged, the downward trend of magnitude larger or based on the spot price policy in the early amendments to some extent.
　　 Three large steel mills cut prices also led to other small and medium sized steel mills to follow. Prices forced downward due to stagnant demand, while steel itself still maintains a high yield, also leads to further exacerbated competition in the market.
　　 Worth noting is that production of large steel and iron enterprises remain high. According to data published yesterday by the China iron and steel Association, key steel enterprises 1.6847 million tons crude steel output by early June, sequential increase 4.5%; national estimated crude Nissan 1.9994 million tons, ring 2.03%.
　　 Analysis told the business daily, the above data is characterized, steel production per cent increase, smaller steel mills per cent reduction.
　　 In fact, while iron and steel enterprises in the current dilemma of collective, benefits of small steel mills to be significantly better than steel. CISA data shows that 4 months of this year, losses of domestic large and medium steel enterprises are still as high as 33.75%, total losses for the loss of steel mills 10.437 billion yuan, 32 times times the loss for the same period last year.
　　 Why steel production remains high, while benefit just a nice small steel production is active?
　　 In this regard, the management said a large iron and steel enterprises in Tangshan, Hebei province, small steel reaction speed, low inventory, consume a certain stock, loss cases will decline; and big steel mills want to wait and see, taking into account the social and employment issues, also depletes inventory, but they have started production, production in small steel mills have long finished, had begun to increase.
　　 In this regard, these people told this newspaper: "consistent with the recent knowledge base, most of the major steel mills take now is adjusting the structure, links for ironmaking steelmaking production has not been affected by the impact, and generally expressed no willingness to cut production. ”



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