Domestic steel prices continue to decline. Summer high temperature and rainy weather makes the country reduced demand, and precision seamless tube production remains high, around the steel prices more than Yindie, most varieties of the price directed at the lowest point this year, plate, hot-rolled coil prices fell below the lows for the year, and nearly 10 years low. From the macro perspective, economic downside risks remain, investment growth is slowing, precision seamless tube social inventory drop speed slowdown, steel stocks remain high. A comprehensive analysis of the recent steel market will continue to shock bottom prices, steel prices still have Shenfudiaozheng possible.

Steel prices in the downward adjustment in the process. Despite the precision seamless tube is still weak demand, but with the negative factors have been released, and plate in recent days appear to push up, steel prices further decline was inhibited. At the same time, the investment situation is expected to improve. State in the intensive approval of infrastructure investment projects at the same time, also urged the investment project started as soon as possible. It is expected that the second half of the overall investment situation will tend to improve, is conducive to stabilizing the domestic steel demand.

Precision seamless pipe rapid decline in social stock. In mid July, the main steel market social inventory record in the history of the highest 2251.5 million tons, than last year the highest point in history increase 191 million tons, 1432 million tons of construction steel inventory, accounted for 63.6%; then the stock by weekly drop. At the end of June fell to 16.91 million tons, which is close to the level of the same period last year. The steel stocks has fallen below the 2012 level, and in March the inventory highs, compared with a decline of 30.1%, while the same period last year only a year highs declined 18.5%, visible, precision seamless tube this year to inventory velocity faster than last year. With the increase in trade friction, steel exports may further increase the difficulty.

Recently, the United States on China's production of PC steel wire launched anti-dumping investigation, and from China's imports of concrete reinforced with steel products to levy anti-dumping duties. Canada, Australia and other countries are also on China's galvanized products to take "double reverse" measures, coupled with the Southeast Asian countries on the export of steel products, the export situation is not optimistic.