Subsequently, the Wuhan Iron and Steel, Anshan Iron and Steel and other leading steel mills have announced price adjustment information, and tune the following main. Aspects of Wuhan Iron and Steel, hot-rolled, cold-rolled, tinned, wire down 200 yuan / ton, down 100 yuan / ton pre-painted, pickling galvanized; Angang aspects, hot-rolled, cold-rolled, plate, galvanized, color painted down 100-250 yuan / ton, down 320-420 yuan / ton wire. From the recent steel price adjustment summary information, prices are below tune based, only a very few steel mills have raised some of the products.
The industry believes that the steel mills choose to continue down the the mainstream product ex-factory price of the practice, in the case of steel prices continue to fall and not accidental.
In addition, it is understood, the steel mills not only lowered the ex-factory price, is endless variety of preferential policies to encourage businesses to order. Steel mills continue through low prices to attract orders, reflecting the market did not show a substantial improvement. The analyst believes that the mainstream steel mills cut ex-factory price, the move is to protect the channels.
Steel price index shows that steel composite index continued to edge lower, as of August 21, the steel price index was 131.9 points, down 3.37% compared to 136.5 points in late July, down significantly.
Continued low steel prices, the poor market transactions, and willing to take a variety of promotional strategies. Some steel mills to take the sales of a single meeting, to ease the financial pressure, to capture the market share. Such sales will no doubt give the market impact.
In addition, raw material prices have followed steel prices fell, weakened support for steel prices. It is understood that the steel mills in order to reduce costs, reduce the purchase price of raw materials, while reducing purchases, resulting in the dual pressures of raw materials. As of August 17, the data show that prices of raw materials, most of the raw materials prices last month fell more than 10% over the same period. The analyst said that the price of raw materials has not yet bottomed out, the market outlook is still down space.
Lose the support of the cost of raw materials in steel prices, steel stocks continued high constraints but also to stabilize steel prices. According to the China Iron and Steel Association data show that in early August, the major steel mills steel stocks amounted to 12.4 million tons, compared with 12,320,000 tons in late July, rebounded, approaching the historical high of 1246. Visible, the steel mills to further increase the pressure on the stock.
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