Contradiction between supply and demand is increasing steel prices fell to their lowest level in six months

Contradiction between supply and demand is increasing steel prices fell to their lowest level in six months. At present, the steel industry high inventory, high yield, the demand of the relatively weak steel prices downward pressure is still large, and the cost of production decline is not conducive to the support of steel prices rebound, mainstream steel companies such as baosteel are cut in June, product pricing, also reflects the difficult of short-term operating environment of the industry. In the current economic situation, without a strong stimulus, the downstream demand is expected to maintain the current slow growth trend; Absolute high production makes the contradiction of supply and demand is difficult to improve. The follow-up industry is still relatively difficult business environment, the industry turnround in the short term outlook is not optimistic.