Steel prices fell to the formation of a chain reaction
 
According to monitoring, the Shanghai construction steel prices drop, panic week t price decline in more than one hundred yuan. T price of to Shanghai Zhipin two rebar on behalf of specifications in about 3680 yuan, down 120 yuan a week; to Shanghai Zhipin three rebar offer about 3880 yuan per ton a week, down 100 yuan. Market, those who recalled that, throughout June, the steel city can barely "sideways consolidation, but the July, a new round of steel market decline can be described as" menacing ". After a substantial decline in two consecutive weeks, the prices of some of the major varieties have returned to a low of two years ago, and still have no signs of stabilization ".
 
Ex-factory price of steel down disk has formed a chain reaction. The following Baosteel took the lead down the ex-factory price in August, Anshan Steel, Wuhan Iron and Steel, Shougang and other first-line plate shall be followed in August, factory t price of an overall decrease in the 100 ~ 200 yuan. Structural steel manufacturers in the case of accelerated decline in spot prices, the pricing of its latest factory is competing down tons of Fujian Sanming Steel, Hubei steel and other steel single price has gone down of hundred dollars or more. Market participants noted, Sha Steel, Hebei Iron and Steel and other manufacturers of mid-priced "ex-factory price and the market price of upside down by more than 200 yuan per ton, steel ex-factory prices continue sharp decline has been difficult to avoid. Steel production adjustment is still difficult to market. The latest data show that in early July average daily crude steel production is estimated at about 1.9581 million tons, the mid-ring decreased by 0.36%. Although the majority of steel mills at a loss, but steel production is not obvious, some steel mills are still actively consume pre-high-priced raw material inventory, production release to continue to remain high.
 
The late Steel City, "fight" will be more intense
 
The only help the balance of the Steel City, iron ore and other raw material prices finally started to significantly Budie. In the domestic market in Hebei iron concentrate prices began to fall, t price weekly decline of 20 yuan. The pessimism of the local iron powder manufacturers began to increase, shipping, accelerate the pace. Steel mills still maintain a low inventory production, part of the steel mills began to fall within the mine's purchase price. Outside the ore market, prices are also significantly lower, 63.5% grade iron ore fines in India offer about $ 132 per ton, the week down $ 6. Iron ore traders have begun to show the panic mentality. Spot port a lot of high-cost pressure in Hong Kong for a long time no buyer is interested, some of the miners began to rejection of goods at low prices.
 
Relevant institutions analyst believes that the current pressure from the steel city has signs of conduction to the steel mills and raw materials market. As the spot steel prices continuing to fall, the pressure of the steel contract organization is becoming increasingly clear that part of the steel plant inventory continued to rise.
 
According to relevant statistics of the China Steel Association, in early July, the iron and steel enterprises in key statistical steel stocks year by 400,000 tons, an increase of 3.57%. In addition, the leading steel mills in the early East a big way, "Competition" preferential policies, between small factories are also being introduced "price to make up and other preferential policies. Steel "let none other City, the reduction does not cut," competitive mode, may make the latter part of the steel city "fight" more intense.



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