Domestic steel prices fell for fifth consecutive weeks

According to the well-known steel information organizations “steel” to provide the latest market analysis, in the last week (August 8th to 15), domestic steel prices experienced fifth consecutive weeks of decline, the downward rate has increased, construction steel, hot-rolled coil and other varieties have emerged in the market price and the price of steel list price “upside down” phenomenon in the big part of the region.

According to the “steel” monitoring, in just the past week, the market performance of the major varieties of steel are: construction steel prices fell more obvious, East, South, Southern China area prices have dropped to varying degrees; plate prices is weak consolidation state, East China region “tier steel resources decline somewhat increase; hot and cold rolled prices are in decline in the channel, the prices have increased, the frequency has been accelerated; large and medium-sized timber prices fell also increased.

According to the analysis, construction steel prices continue to fall, the overall decline over the previous week has increased. Among them, most of the wire Market ton price decline between 100 yuan to 200 yuan, Nanjing market decline is as high as 420 yuan; rebar tons price in the southwest of Chongqing market decline of up to 220 yuan. Some steel mills in order to alleviate the pressure on the stock, improve the dealer purchase enthusiasm, prices continued to fall; on the other hand, lower prices of raw materials also make some manufacturers to lower production costs, the overall market support efforts significantly reduced. Business side, due to tight liquidity and other factors, the price down, shipping phenomenon is more common, leading to the overall price continues to decline. As the demand situation is difficult to change in a short period of time, it is estimated that the price of construction steel will continue to be in a weak state adjustment.

Plate overall prices fell slightly, Urumqi, Guangzhou market the biggest cut, t price fell 200 yuan to 300 yuan, the turnover continued to be sluggish, the market has been in the process of yindie. Hot rolled coil in the nationwide general prices, the price gradually to the low price of the close, continuous callback certain stimulation to the transaction to, but businesses expected to price is very confused, the bottom is still uncertain, a large sell-off makes the price down to substantive change. Cold rolled coil price is also overall decline, the decline has increased.

15, “my iron and steel” domestic steel prices composite index was 204.6 points, down 2.1% over last week, compared with the previous month down 5%, 38.3% higher than the same period last year.

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