The effective demand for downstream terminals has not been released significantly, and the production and sales of shipbuilding, machinery, home appliances, real estate and other industries are not good, and the demand for steel is weak. In July, China’s official manufacturing PMI fell slightly to 50.1% from 50.2% in June, the lowest level since November last year. From the point of view of the 2.9% decline in the industrial producer price index (PPI) for the month, the PPI continued to fall, indicating that the real economy demand is indeed weak. The real economy was sluggish; when the Ministry of Railways was repeatedly supported by many ministries and commissions, it failed to set off a few waves in the steel market; when the inspector group thoroughly investigated the real estate policies of various places, the new property market will soon be launched again; in the automotive industry, the home appliance industry The machinery manufacturing industry reported pessimistic data. The demand for the downstream industries of the steel market will also be weak again, and the steel market demand will still not be effectively released. Then the steel market demand in the later period is still worth worrying about.
In addition, demand in the European and American markets continued to decline, and steel exports were more difficult. By the end of June, steel prices in the North American market had fallen for four consecutive months, and the European and Asian markets also fell for two consecutive months. In July, steel prices in the international market continued to decline. Affected by weak domestic market demand and falling prices, the difficulty of exporting domestic steel products has increased.
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