The decline in the price of the hottest steel incr

The China Iron and Steel Industry Association recently released a report that in July, the growth rate of the main steel industry continued to fall, the growth of steel demand slowed down, the market was still in a situation of oversupply, and the decline in steel prices expanded; Steel enterprises have spontaneously limited production, and the imbalance between supply and demand will be improved, but the steel price will still fluctuate at a low level

at the end of July, the CSPI steel comprehensive price index of China Iron and steel industry association was 108.08 points, with a month on month decrease of 7.4 points, a decrease of 6.41%, an increase of 4.67 percentage points over the decline in June; A year-on-year decrease of 26.56 points, a decrease of 19.73%

in August, prices continued to decline, and by the second week of August, steel prices had fallen for 16 consecutive weeks

the price fell more month on month

according to the data of the National Bureau of statistics, the national crude steel output in July was 61.69 million tons, an increase of 4.2% year-on-year; The average daily output of crude steel 199 places 10000 tons of oil needle knobs, a month on month decrease of 17000 tons, a decrease of 0.85%. According to the statistics of the General Administration of customs, China's steel exports in July were 4.32 million tons, a decrease of 900000 tons month on month, a decrease of 17.24%; Imported steel was 1.16 million tons, an increase of 60000 tons month on month, an increase of 5.45%; Imported steel billets were 30000 tons, unchanged month on month; The net export of billets converted into crude steel was 3.33 million tons, a decrease of 1.02 million tons month on month. According to the above data, the daily average supply of domestic crude steel in July was 1.8826 million tons, with a month on month increase of 20700 tons, an increase of 1.11%. With weak market demand and increased supply, the domestic market is still in a situation of supply exceeding demand

the decline in inventory continued to narrow

at the end of July, the social inventory of five kinds of steel (medium plate, cold rolled sheet, hot rolled sheet, wire rod and deformed steel) in 26 major steel markets across the country was 15.38 million tons, a month on month decrease of 170000 tons, a decrease of 1.07%, narrowing the decline for three consecutive months. Although it continued to decline for nearly five months, compared with the beginning of the year, the inventory still increased by 2.48 million tons, an increase of 19.22%; The year-on-year increase was 1.53 million tons, an increase of 11.02%

the supporting role of raw material costs weakened

according to the data of the National Bureau of statistics, in July, the purchase price of national industrial producers fell by 0.8% month on month, falling for three consecutive months. Steel plate stamping fasteners JG 3061 ⑴ 999, of which the prices of raw materials and fuels decreased by 2.2% month on month, 0.6 percentage points higher than the decline in June

according to the statistics of the General Administration of customs, the average CIF price of imported iron ore in July was $134.8 per ton, down 3.07% month on month; At the end of July, the prices of domestic refined iron powder, coking coal, metallurgical coke and scrap steel decreased by 4.7%, 5%, 12.25% and 10.51% month on month, respectively, with the decrease increasing by 2.83%, 0.24%, 8.63% and 7.44% month on month, due to a little air in the pipeline

influenced by the annual rise in world crude oil prices, CISA plastic raw material market prices believe that despite a slight decline in steel production, the daily output is still high, with a daily crude steel output of 1.9901 million tons in July. With the downturn in the international market and the poor export situation of steel, the price of imported iron ore still has room to fall