The recent steel market downturn, especially in the south to enter the rainy weather greatly affected the demand for construction materials, the Shagang ordering policy is close to the market again. The Shagang today the introduction of pricing policies of the main varieties of July, which the thread is cut by 30 yuan/ton to 4020 yuan/ton, continuous Sanxun steady after the first cut, consider its second half of rebate increases to 70 yuan/ton at the same time two months Free acceptance discount of 36 yuan/ton, freight and storage costs 55 yuan/ton, Hangzhou dealer actually accept the goods cost of 3969 yuan/ton, lower than the market spot price of 21 yuan/ton, the other to give the last of the contract making it up to 30 yuan/ton.
In the context of Baosteel, Wuhan Iron and Steel, Anshan Iron and three steel sharp decline in order prices in July, coupled with the plate downstream demand weakness (the latest release of Chinese manufacturing PMI index ring in June dropped 0.2 percentage points to 50.2%, the creation of seven months low), sand steel hot rolled, having to drop 180 yuan/ton in June, July, down 80 yuan/ton to 4,120 yuan/ton, considering the rebate 50 yuan/ton and scheduled to play the section discount of 30 yuan/ton, the Shanghai area shipping costs 30 yuan/ton, the dealer to accept the goods cost of 4070 yuan/ton, essentially flat with last Friday spot prices, given last month contract making it up another 50 yuan/ton.
Acceptance discount this month, sand steel threaded discount reduced to 2-18 yuan/ton hot rolled down to 3-20 yuan/ton.
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