A sales price, sales volume, total orders fell sharply, the market mentality is confused
 
Iron and steel circulation in July PMI index to 41.4% (adjusted), down 3.7 percentage points; 10 sub-index of contraction in the 50% range, and continued to decline; sales volume, sales prices, total orders, purchase willingness to display the operating status of the index, a drop of increased business and employment index continued to decline, reflecting the steel market demand remains weak.
 
Steel selling price index for July was 38.3 percent, down 3.3 percentage points since mid-steel prices overall has fallen sharply, 904 enterprises in the iron and steel circulation PMI survey, 94 percent of the price cuts shipments.
 
Domestic economy as a whole is still in the callback procedure in July, the international debt crisis in Europe did not ease, the steel market in the vulnerable demand into traditional off-season, a number of downstream factors overlay triggered the steel market during the year market slump, futures, electronic trading, the sharp decline in the transition from a weak shock, the futures price decreased significantly, break 4000 yuan / ton; the spot market price down, cold-rolled "broken five other mainstream varieties of steel have broken four into three.



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