Varieties of steel decreases were maintained
 
The data show that the domestic steel market is slightly down in June, down from the previous month slow down. End of June, the composite steel price index was 160.8, down 1.3% from May. Long products fell by 0.9%; sheet decreased by 2.0%. Sub-regional, southern China has risen slightly, the chain rose 1.2%; Eastern, Central, North China, Northwest recorded a decrease of 1-2%; the southwest and northeast decline in less than 1%.
 
Steel price adjustment down the main
 
China Steel Association data show that price and index the first week of July, the market eight varieties showed the chain fell. High cable prices have declined compared to the end of last year, 10.61%, rebar, angle iron compared to the end of last year's decline is also more than 5%. Baosteel, Wuhan Iron and Steel River, sand steel and other medium and small steel enterprises in July or early July prices also are down to the main.
 
Demand for bad downturn mainly
 
Increased due to high temperatures and rainy weather, steel downstream industry will enter a stage off-season production, sales, and outdoor construction, iron and steel industry as a whole demand weakened.
The industry believes that the Development and Reform Commission in May accelerated the project approval, but the less large projects, small projects, and policy implementation lags, so the boost to the demand within a short period of time can hardly be effective. Frequent real estate control policies, as well as the South during the rainy season, will inhibit the steel construction of steel consumption.
 
"Downstream steel industry will enter a stage off-season, steel industry, the overall demand weakened demand do not increase, the steel city would be difficult to rebound." Analysts expect domestic steel market will show fluctuations in the bottom of the trend in July, may occur during stage a rebound, fell relatively limited space.
 
Despite the central bank cut interest rates twice in a short period of time, the CPI into the "age" the positive stimulus of the macro side, but still unable to boost the Steel City. Rebar offer to enter three times already announced that the steel into the dropping bottoms stage, on the 12th Shagang reduced construction steel prices in mid-July, or accelerated in July steel prices bottom.



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