At the beginning of September,the price of national steel will decrease, the overall supply and demand sides in the standoff. Terminal procurement has slowed, brokers see atmosphere significantly worse overall turnover slowed down.
Export pressure increased
From the perspective of external demand, according to the latest Customs statistics, in August 2015 China’s exports of steel (1953, 0.00, 0.00%) 9.73 million tons from the previous month increased by 2 million tons, up 25.9%; from January to August, China’s total exports of steel 71.87 million tons, an increase of 26.5%. August China imported 1.02 million tons of steel last month fell 30,000 tons, down 12.82%; from January to August, China’s total steel imports 8.72 million tons, down 9.54%.
Profit from the steel mills, the current non-tax molten steel costs 1250-1350 yuan / ton, steel billets from the loss of tens of dollars to the current 100 yuan per ton, (2350, 0.00, 0.00%) in different regions thread, wire per ton of steel from a loss of tens of dollars to tens of dollars have profit. Sheet business losses remained at 200-300 yuan / ton.