Domestic steel prices fell last week, followed by the arrival of the weekend has gone through sand steel price cut, and billet prices generous fall, the market mentality has crumbled Monday, the domestic steel market slump. Although Tuesday, the main varieties of the price decline continued to slow down, but in addition to the weak rebound of Thursday's individual regions, the price of individual species, the overall market continues to weaken.
 
Steel production, the maintenance message is the growing number of market mentality has improved, Shanghai, music, hot rolled coil from the market, the high line prices after sharp fall last week and this week, with a short pull-up. However, from the Steel Association, the latest data to see mid-July forecast crude steel output was 199.33 tons, compared with early increased slightly, indicating that the late steel supply pressure diminished. Coupled with the high temperatures across the country, the rainy weather will continue, the general downturn in market transactions, downstream Procurement wait more, businesses are still generally bearish market outlook. Multiple factors intertwined, it is expected that domestic steel prices still hard to effective sustained rebound in the short term.
 
Flat this week index was 120.9 points, down 2.51 percent last week, the biggest weekly decline since about 40 weeks. Among them, the plate and hot rolled coil index weekly decline, 3.75% and 3.32% respectively. Plate market decline sharply this week to expand to dominate the market of North Canton, Tianjin prices generally were hit, and the market decline in Tianjin, Beijing reached 190 yuan / ton range, including the Taiyuan area fell nearly 300 yuan / ton. After the crash on Monday, followed by a few days of plate market decline gradually slowed down and business confidence is a general lack of price cuts failed to return for driven transactions, but most businesses choose to decline in value in order to stimulate the transaction. Market the market outlook is not optimistic, mainly based on the needs of mid-poor, the steel mill order is not ideal, but cut the intensity is more limited, coupled with the fall of the iron ore prices. On the whole, is expected to board prices will show a weak consolidation in the short-term situation. Taiyuan market this week the decline is relatively significant, S & P 20mm medium plate price fell 260 yuan / ton last week.
 
Many bad attack, following last week's hot rolled coil prices fell sharply this week, a domestic hot rolled prices are now "Black Monday", Shanghai, Beijing and other market price one-day drop of over 100 yuan / ton. Subsequently, a few days of hot rolled coil market decline continued to narrow, limited production plan yesterday, music from other places prices rebound slightly. Feedback from the market after the price increase in turnover decline, businesses generally cautious, resulting in around the price once again vulnerable downstream. In addition, iron ore, coke and other raw material prices are still down significantly, some impact on market sentiment, making the business more hesitation on the outlook, expected short-term hot rolled coil prices to remain range-bound trend. Taiyuan market hot-rolled 3.0mm decline this week to expand to 250 yuan / ton from 200 yuan / ton last week.



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