Wisco angang steel prices plummeted in July hong kong-listed moves the heart step by step

Steel prices may dip continues, low surged around three years, traditional demand off-season and the end of the quarter in June, after huge inventory and continuously produce finished products, with the coming of the off-season, or even more acute contradiction between supply and demand, looked back, since this year, steel market every step walk very good heart, steel pricing repeatedly forced to downgrade. 17, wuhan and anshan in July 2013, product sales price adjustment policy, continue to & other; Drop & throughout; Appearance, wisco hot rolling plate roll, rolling plate, cold rolled, caitu, tin and tin CQ level product ex-factory price cut 200 (common Tax 234). Yuan/ton; Hot dip galvanized all varieties ex-factory price cut 100 ( Tax 117). Yuan/ton; No orientation low silicon steel grades and oriented silicon steel factory price cut 150 ( Tax in 175. 5) Cut (200 yuan/ton, middle and high grades Tax 234). Yuan/ton, products: abrasion in silicon steel division, Silicon steel factory) Based on product price preferential 200 ( Tax 234). Yuan/ton; Wire rod, profiles, oriented silicon steel will not change. In addition of anshan iron and steel plate, galvanized zinc and aluminum plating factory prices by 100 yuan/ton, 180 - electrical steel producer price cut 280 yuan/ton, the rest of the product. The two big steel mill pricing, declines in the direction of the ex-factory price and the listing price, in line with market expectations. It also reflects the current downstream end-user strength decrease in demand for steel, steel orders, sales pressure. The inventory level higher than normal section steel mill is currently at 20%, the order is generally not full enough. As in industries such as cars, home appliances demand off-season, steel orders, continue to depreciate sales promotion. However, because of the original price is higher, after cut is still high, so for hong kong-listed is but a drop in the ocean. And at present the market clinch a deal is poorer, inventory consumption is slow, the domestic steel overall performance is weaker. But the early decline narrowed. Billet and the weekend is up to 50 yuan, iron ore prices also rose, the rising cost of support steel prices stabilize. Plus 14 li in the meeting of the State Council put forward ten concrete measures regarding environmental protection, promptly response to yesterday's futures market, closed up 66 yuan. To repair business mentality, pull up in succession. And rebar futures prices after reach a certain status of resilient, also can to a certain extent, ease the spot market situation of a fall. Not only that, but the longer term, the implementation of the environmental protection measures, also help ease the hong kong-listed tension of the pressure of supply and demand. It is important to note that the section steel plant in addition to the lower price, and there have been production stability. According to the research about the specialized agencies, in May and June, there have been many steel mills of the blast furnace, rolling mill, such as for maintenance, in June, a total of 24 domestic steel mills are scheduled for repair, affect the steel output of about 206. 10000 tons ( Not to determine the maintenance time according to 1 month, excluding blast furnace overhaul of repeated measurement) 。 Influence variety involves the construction steel ( Including the rebar, wire rod and bar) , medium plate, hot-rolled coil, manufacture volume, etc. , one of the biggest influence production was building steel. In the main varieties, building steel production 113. 60000 tons; Medium thickness plate 32 affect production. , 50000 tons of hot-rolled coil output was 360000 tons. According to market survey, tangshan steel blast furnace capacity utilization by early may fell to the current 91%, from 97% of all varieties of steel, medium thickness plate due to the loss is most serious, overhaul production strength is relatively large. But these is section steel mill after all, did not form a large scale, it may not be enough to change the current situation of oversupply of steel market in China. And leading city steel inventory digestion rate is slowing, but still no obvious signs of decline in output, and the National Bureau of Statistics released before the Dragon Boat Festival in May, a number of economic data are not ideal, the contradiction between supply and demand of domestic hong kong-listed showed no sign of resolve and have continued to deteriorate, the price of steel will remain weak in the short term. Focus on the next National Bureau of Statistics will release crude steel production data in May.