After June of supply and demand stalemate after sideways rectify, since July, bearish factors once again occupy a dominant, both the demand and off-season turnover shrinking drag, you see crude steel production picked up again in June, while raw material prices substantially Budiepolicy competition between steel and both the market pressure, combined with the East China area to rectify the illegal bill discounting business, leading to the capital side is more worse the market thus panic Paohuo appears to accelerate the bottom signs, the rebar single monthly decline in more than300 yuan / ton, marking the largest monthly decline since the beginning of this year, and has fallen to new lows in the two and a half years.
The salient features of the steel prices fell in July is that this wave declines by steel mills its own pressure to force them to take the initiative to Faren rather than dealers. Decline in prices in the previous April-May can be considered active clearance caused mainly by the dealer, but after sideways in June, the steel mills increasing pressure on the stock, market demand, but are slow to start, steel mills facing unprecedented pressure, and even inventory value steel has reached the tolerance limit. So, in July, the East's largest building materials steel mills should take the lead on dealer sales to encourage.
But the incentives, direct interpretation of the market for steel downstream of acquiescence on the market price, triggering a new round of decline of the spot price.
Then, the market in July has been dismal, and then, next August, Steel City, with or without the possibility of bottoming out? Steel will a large area to cut? Ore price how much Budie space? Macro side, the release of what kind of signal ? with many problems, with August 2012 in Shanghai construction steel market analysis report.
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