Price qoq increase
 
National Bureau of Statistics data show that the national crude steel output in July was 61.69 million tons, up 4.2%; average daily output of 1.99 million tons of crude steel, a decrease of 17,000 tons, a decline of 0.85%. According to the General Administration of Customs statistics, in July, China's steel exports 4.32 million tons, a decrease of 900,000 tons, a decline of 17.24%; imported 1.16 million tons of steel, the chain increased to 60,000 tons, an increase of 5.45%; billet imports of 30,000 tons, the chain flat; material billet net exports of crude steel equivalent of 3.33 million tons, a decrease of 1.02 million tons.
 
Calculated according to the above data, the domestic daily supply of crude steel in July was 1.8826 million tons, the chain increased to 20,700 tons, an increase of 1.11%. Weak market demand and increased supply from the domestic market continued to show oversupply situation.
 
Inventory decline continued to narrow
 
In late July, the five kinds of steel (in plate, cold-rolled sheet, hot-rolled sheet, wire rod and rebar) social inventory of the country's 26 major steel market was 15.38 million tons, a decline of 170,000 tons, a decline of 1.07%, a continuous 3 month decline narrowed. After nearly five months of continuous decline, but compared with the beginning of the year, the stock is still an increase of 2.48 million tons, an increase of 19.22%; year-on-year increase of 1.53 million tons, an increase of 11.02%.
 
Reduced raw material costs supporting role
 
National Bureau of Statistics data show that in July, the country's industrial producer purchase prices were down 0.8% for three consecutive months, decreased. Among them, the price of raw materials, fuel ring fell 2.2%, an increase of 0.6 percentage points compared to June decline.
According to statistics of the General Administration of Customs, the average CIF price of imported iron ore in July to $ 134.8 per ton, a decline of 3.07%; late July, the domestic iron concentrate, coking coal, metallurgical coke and scrap prices chain fell 4.7% 5%, 12.25% and 10.51%, qoq increase of 2.83 percentage points, 0.24 percent, 8.63 percent and 7.44 percent.
 
Steel Association, steel production declined slightly, but still higher daily output the National Japanese production of crude steel in July 1.9901 million tons. Imported iron ore prices in the international market downturn, the steel export situation is not optimistic, still down space.



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