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Domestic steel prices fell 5 weeks straight

    According to well-known steel information organizations "My iron and steel" to provide the latest market analysis,booster cables said that during the last week (August 8 to 15), domestic steel prices experienced a continuous decline in the first 5 weeks, down ranges from increase,battery clip construction steel, hot rolled coil and other varieties have emerged in most areas of the market price and steel price list prices listed in "upside down" phenomenon.

    According to "My iron and steel" surveillance, in the last week,tow rope the major steel market specific varieties of performance are: construction steel prices fell more obvious, East, South, South China prices dropped in varying degrees; plate prices in weak consolidation state, East China's "second line"ratchet tie dowm rate of decline has increased steel resources; hot and cold coils are in a decline in the price channel, and its prices have increased the magnitude, frequency has been accelerated; medium-sized timber prices declines have also been increased.

    According to the analysis, construction steel prices continue to fall, the overall decline has increased over the previous week. Tons of wire rod prices in most markets in which the decline in between 100-200 yuan, Nanjing market decline is as high as 420; rebar tons of Chongqing in the southwest market price decline of up to 220. Part of the steel to alleviate pressure on the stock to raise the enthusiasm of dealers purchase, prices continued to fall; the other hand, lower prices of raw materials so that some manufacturers have reduced production costs, support the efforts of the market as a whole was weakened. Business aspects of the liquidity constraints and other factors, the phenomenon is more common shipping prices down, resulting in overall prices continue to decline. Demand for a short time is difficult to change the estimated construction steel prices will continue to adjust the state of the disadvantaged.

    Plate prices fell slightly overall, Urumqi, Guangzhou, the largest reduction from the market, t price fell from 200 to 300 yuan, due to continued sluggish trading, the market has been in Yindie process. Hot rolled coil prices in the country in general, prices gradually move closer to the low price of continuous correction to the contract played a certain stimulus, but the business is very confused on the price expectations, the bottom is still uncertain, the larger cast press down hard to make a substantial price difference. Cold rolled coils prices also fell across the board declines have increased.

    15, "my steel," the domestic steel price index was 204.6 points, down 2.1% last week, the relative decline of 5.0% last month, up 38.3% over last year.

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