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Steel prices bottomed slow operation still cautious

From the above rough estimate of the cost results, the cost of the last two months down 149.46 yuan / ton. Two big thread of the finished material market in Beijing, for example, offer for 4140 yuan / ton in May 15, July 13, 3960 yuan / ton, down 180 yuan / ton, two thread: Wing Steel (Factory mention), May 15, 4060 yuan / ton, July 13, 3780 yuan / ton, down 280 yuan / ton. Visible partial width amplitude, finished goods prices fell compared to the cost of the center of gravity down.
 
Although real estate pick up, and then still go to the inventory stage, and now high temperatures, rainy weather is not conducive to infrastructure construction, resulting in short-term actual demand of finished products difficult to improve, in addition to steel mills, the social pressure on the stock is too large, slightly less than the market price rebound momentum. support the role of the material cost is still slowly weakening.
 
For the sake of market share, does not cut steel prices rather loss
Steel production costs at about 3798.2 yuan / ton, according to data monitoring, thread prices of national regional multi-has broken 4000 yuan / ton, steel prices meager profits or losses, and then for the sake of gaining market share, the current steel overhaul cuts is still a sizeable , the means of operation the Ning loss does not cut the steel supply continued high, and demand-side, multi-high-temperature wet weather in July and August, the site started in the rate of decline, adding to the selling pressure of the steel, the very period of oversupply, steel prices under pressure down easy hard up very significantly, it is recommended that traders short-term operation is appropriate, bargain-hunting yet to timing



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