Chinese Steel Prices

Recently, the National Bureau of Statistics released the first half of the main indicators of economic data show that the first quarter GDP growth of 7.7% in the second quarter GDP growth of 7.5% in the first half growth rate of 7.6%. After the data release, triggering a stock market sharply higher, China steel prices have been rising trend, thus boosting the steel market activity. Construction steel, hot-rolled coil, cold rolled coil, plate and other steel prices rise.

June economic data has basically been out over, from a series of economic data, is still dominated by weak economic data is a period of time to the response of China's economic trends, weakening the data directly demonstrate China's economic growth is still slowing, while the downstream industry if it continues to weaken, then the demand for steel will also be difficult to release January-June of fixed asset investment continued to decline, with the lowest growth rate unchanged in 10 years, which indicates that China's economy has been facing greater pressure , and 7-8 months, the steel industry or always return season.

1-6 months of new projects with the previous month, thus, showing little change in the downstream industry this month, mainly with local remained "no stimulus" policies, although on June whether manufacturing or automotive industries, data have come down, but the outdoor new projects to maintain balance, which for the steel city, it has been regarded as a positive. However, the total investment of decline, it may affect the progress of these projects, the demand for steel has certain constraints.

For the steel industry, in June economic data remains weak, whether fixed asset investment, or GDP or export data, the trend has continued to decline, facing downstream industry downturn, it seems that China's steel industry is too optimistic. Because the latest data show that in June China's crude steel output of 64.66 million tons, an increase of 4.6%; monthly average daily crude steel production was 2.155 million tons, a decline of 0.3%, the fourth consecutive monthly decline, but still historically high. January-June total crude steel production was 389.87 million tons, an increase of 7.4% in the first half average daily crude steel production was 2.154 million tons, this level estimates annual crude steel production is expected to reach 786 million tons. Regardless of how the downstream industry, China's steel production will have a higher than normal interest, which is still weak economic data is concerned, it is not optimistic.

In general, the Chinese Steel prices can be easily affected by demotic policy, according to the latest date shows, China steel prices will get some rising in the next month. Like Galvanized steel, steel coil, angle iron, steel pipe, seamless pipe, etc, certainly, for square tube, because of the demand of market is bigger, its requirement is much bigger.