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.
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