The suspension will billet weekend crash, and Sha Steel cut prices affect the July 23, the domestic steel market prices continue to plunge.
According to the monitoring shows that, on the 23rd market steel, hot rolled coil and plate prices continue to significantly decline, 20mm two and three steel and 20mm plate mainstream prices are down 30 yuan / ton, respectively. dropped to 3610 yuan / ton and 3750 yuan / ton and 3750 yuan / ton, 4.75mm hot rolled coil decreases up to 50 yuan / ton, the mainstream prices fell below 3800 yuan / ton to 3780 yuan / ton. Beijing and Tianjin, the market prices drop, the Beijing market 20mm three rebar down 70 yuan / ton, up to 3860 yuan / ton, Tianjin, 4.75mm hot rolled coil mainstream price fell 30 yuan / ton to 3650 yuan / ton.
It is understood that the weekend Tangshan billet market again fell sharply, the billet is down to 130 yuan / ton. The domestic steel prices early last week, but also there billet prices have fallen in the first.
The same time, the weekend Shagang announced late construction steel prices and policies, including steel prices cut by 150 yuan / ton, continuous Sanxun the lowered prices, and decline gradually increase.
In addition, near the end of the funds in the market pressure to further increase, coupled with high temperature to suppress demand, businesses generally pessimistic market outlook, the price cuts will ship strong. Under a variety of bad, the decline in steel prices is still hard to see signs of stabilization.
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