On July 20, the China Iron and Steel Association issued a document stating that the China Iron and Steel Association pointed out that in June, steel production fell slightly, but remained at a high level, steel prices continued to fall, and the rate of decline narrowed from the previous month. Among them, steel prices rose in the first week, and fell slightly in the next three weeks. By the end of June, it had fallen below the level at the end of May. Since July, the price of steel has turned from falling to rising.
In addition, according to the monitoring of the Iron and Steel Association, at the end of June, the China Steel Price Index (CSPI) was 143.47 points, down 0.60 points or 0.42% from the end of May, and 2.81 percentage points less than the previous month; it rose 40.46 points year-on-year, or 39.28 points. %. At the end of June, the prices of high-speed wire, hot-rolled coil and cold-rolled sheet turned from decline to rise, rising by 8 yuan/ton, 108 yuan/ton and 11 yuan/ton, respectively, while the prices of other varieties continued to fall. Among them, the prices of rebar, angle steel, medium and heavy plates, galvanized sheets and hot-rolled seamless pipes fell by 74 yuan/ton, 80 yuan/ton, 56 yuan/ton, 122 yuan/ton, and 216 yuan/ton respectively.
