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China steel demand in limited growth in June

From: Qianzhan Business Information Time: 2014-06-12 16:46:16
Summary: While in China, long steel products, flat steel products and steel exports price index was 45.45 points, 35.63 points, 39.81 points, both in the line about 50 points, showing that price declines are expected in the future. The data also show that steel stocks index in June was 40.63 points, traders stock index was 35.17 points, compared with a decline in May. Among them, the steel stocks is 75 points from May fell by nearly 30 points, indicating that as steel mills plan to reduce inventory to cut financing costs and avoid the risk of summer, the future of the stock may be reduced.

While in China, long steel products, flat steel products and steel exports price index was 45.45 points, 35.63 points, 39.81 points, both in the line about 50 points, showing that price declines are expected in the future. The data also show that steel stocks index in June was 40.63 points, traders stock index was 35.17 points, compared with a decline in May. Among them, the steel stocks is 75 points from May fell by nearly 30 points, indicating that as steel mills plan to reduce inventory to cut financing costs and avoid the risk of summer, the future of the stock may be reduced.

China steel industry

Although mills plan to inventory, according to "China Mold Steel Industry Market Prospects and Investment Forecast Report", steel production index in June was 59.38 points in the expansion trend, indicating that the steel plant could maximize the use of lower iron ore prices to increase production and income.

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