Angang Cut July Steel price

Angang also slashed sharply after Baosteel slashed its July product prices last week.　　"The first financial daily" today from Anshan to understand that the main products of Anshan iron and steel in July generally reduced 400~1000 yuan per ton price, only the price of silicon steels remain unchanged. Analysis agency Lange Steel believes that domestic steel market prices will continue to decline, just in the third quarter of the long association of prices may continue to increase the impact of the expected price downward speed will be relatively slow, the specific performance of a small negative downward.　　The bad factors in the steel market include: seasonal factors of shrinking demand in summer and rainy season; there is no significant positive macroeconomic policy, which leads to difficult recovery of investors ' confidence, as well as there is no obvious reduction in production, limited output, market inventory is still difficult to digest. Lange Iron and Steel Information Research Center, senior expert Chen Xunue told the newspaper, the next stage of China's steel market and negative factors coexist, if the extreme situation, or a variety of factors concentrated, steel prices are likely to appear wide range of shocks, or more than 30%.