Steel prices in the domestic market continued to decline in June, and it is difficult to rebound sharply in the later period

In June, China's economy continued to maintain a steady and promising development trend, and steel demand in the domestic market continued to grow. Affected by the rapid release of steel production capacity, the steel market showed a situation of oversupply, and steel prices continued to decline. In the first two weeks of July, steel prices fluctuated slightly, and it was difficult to rebound sharply in the later period.

Steel prices continue to decline slightly

At the end of June, China Steel Industry Association CSPI China steel price index was 109.45 points, down 1.65 points, or 1.49%, a decrease of 0.1 percentage points from the previous month; a year-on-year decrease of 6.35 points, a decrease of 5.48%.

From the full moon situation, in June, the average CSPI China steel price index was 108.99 points, down 2.94 points from the May average, a decrease of 2.62%.

The prices of long products and plates continued to decline, and the price of plates fell more than that of long products. At the end of June, the CSPI long product index was 116.26 points, down by 1.59 points, or 1.35%. The CSPI sheet index was 105.21 points, down 1.77 points, or 1.65%, which was 0.30 percentage points lower than the long product price. Compared with the same period of last year, the long product price index fell by 3.24 points, a decrease of 2.71%; the price index of sheet metal fell by 9.53 points, a decrease of 8.31%.

Changes in the prices of major steel products. At the end of June, among the eight major steel products monitored by the Steel Association, the price of angle steel increased from a decrease to 21 yuan/ton from the previous month; the prices of other varieties continued to decline. Among them, the price decline of wire rod, steel bar and cold rolled sheet narrowed, down 22 yuan / ton, 67 yuan / ton and 82 yuan / ton respectively; plate, hot rolled coil, galvanized sheet and hot rolled seamless pipe The price reduction increased by RMB 84/ton, RMB 84/ton, RMB 48/ton and RMB 93/ton respectively.

Changes in the steel price index for each week. In June, the CSPI domestic steel price index continued to decline slightly in the first three weeks, and it rebounded in the fourth week. In July, the CSPI domestic steel price index continued to rise in the first week and fell slightly in the second week.

Changes in steel prices in major regional markets. According to the Steel Association's monitoring, in June, CSPI's six regional market price indices continued to decline. Among them, the northwest region saw a large decline, down 2.68% from the previous month; the northeast region saw a smaller decline, down 0.21% from the previous month; the price indices in North China, East China, Central South and Southwest China decreased by 1.62%, 1.13%, 1.38% and 1.89% respectively.