The rebound in steel prices is less than a week, due to lack of demand, and steel mills down prices, market confidence has once again been hit, August 2, the dominant species of the rebar, hot rolled coil and other early stage led to re-fell, which means the price of steelcomprehensive turn down.
Driven by some steel mills maintenance and production information from the start of the weekend, stabilized rebound of the steel, hot rolled coil and other parts of the dominant species, into the beginning of the week, the rebar market generally rose, and the increase. Rising continuously, downstream demand is not the appropriate follow-up remains in the doldrums, many market transactions, price increases are therefore blocked. August 1, the domestic hot rolled coil to stop the rebound increase in market prices, part of the steel market also declined.
August 1, steel sand Steel-led introduction of a new one steel prices flat to down, including construction steel, hot rolled coil and plate continued sharp decline in Other parts of the leading steel price adjustment following tune also based. At the same time, the manufacturing PMI in July, the downward pressure of the domestic economic growth is still large. July malls and housing prices continue to rebound, caused to raise the concerns of real estate regulation. Under multiple pressures, the overall decline in the steel market prices in the August 2.
Beijing, Shanghai and Guangzhou, and other leading market rebar fell, which Beijing 20mm mainstream of three steel plate repeatedly cut prices, the cumulative decline of 70 yuan / ton; Shanghai, Guangzhou, decreases were also 20-30 yuan / ton, pre-the Shanghai market rally gratifying high-line price drop of 60 yuan / ton, down. Of a declining market yesterday increased significantly. Hot rolled coil market, down market, the number of increases, and Shanghai, Tianjin and music from the dominant market fell.
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