www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

News >Bizchina

Major steel producers continue to cut prices

2011-06-23 11:14

BEIJING - China's major steelmakers continued to cut July delivery prices on Wednesday. Companies began lower prices on June 17, in expectation of slowing market demand.

Eight Chinese steelmakers cut the price of their products on Wednesday for July delivery, after 27 mills reduced prices on Tuesday, following on from cuts by 21 others on Monday, according to data from the consultancy Mysteel.com.

Leading steelmakers, such as Baoshan Iron & Steel (Baosteel) Co Ltd and Anshan Iron and Steel Group, have cut prices for products to be delivered in July by 70 yuan ($11) to 200 yuan a ton. "As the rainy season is a slack period for steel products, when construction, which accounts for 45 percent of steel consumption, slows down, it puts pressure on steel prices and even iron ore prices," said Guo Yi, an analyst at Mysteel.

Brazil ore fines with an iron ore content of 63.5 percent were sold at between 1,260 and 1,270 yuan a ton, including freight, on Wednesday at Qingdao port, down from 1,270 to 1,280 yuan a ton on Tuesday, and from 1,320 yuan per ton a month earlier, according to Mysteel's data.

Domestic average steel indexes reached 174.8 on Wednesday, down 1.24 percent from the previous week, and a decline of 1.41 percent from a month ago, as a result of sluggish market demand.

China's steel inventory in May fell 5.2 percent from a month earlier, the China Iron and Steel Association said in a statement on its website on Monday.

Steelmakers may face surging raw material costs and tightening monetary policy, the association said.

"The accumulative decline in steel prices will squeeze Chinese steelmakers' profits, and pressurize raw material prices, which may further lower steel prices, with the possibility of a decline by 300 to 400 yuan a ton in the future, " said Guo.

"This will also affect production. We expect to see steel production decline again on weaker steel prices," he said.

Chinese crude steel production rose 7.8 percent to 60.2 million tons in May from a year earlier.

Related News:

主站蜘蛛池模板: 99视频在线观看免费 | 国产大尺度福利视频在线观看 | 国产亚洲精品国产 | 欧美黑寡妇特a级做爰 | 香港三澳门三日本三级 | 国产精品免费一区二区三区四区 | 国产精品欧美视频另类专区 | 日本二级毛片免费 | 国产成人久久综合热 | 国产欧美精品一区二区三区 | 最新色网址 | 91精品在线免费 | 欧美一区=区三区 | 在线观看免费亚洲 | 九九九在线视频 | 亚洲日韩视频 | 国产成人精品视频 | 高清国产美女一级a毛片 | 九九九九热精品视频 | 欧美综合视频在线 | 午夜性福利 | 国产成人毛片 | 久久99爰这里有精品国产 | 中国成人在线视频 | 欧美粗又大gay69视频 | 日韩精品一级a毛片 | 国产成年女一区二区三区 | 91精品啪在线观看国产91九色 | 性色xxx | 成人a区| 欧美成人毛片在线视频 | 久久久久琪琪去精品色村长 | 狠狠色丁香婷婷综合小时婷婷 | 亚洲欧美日本综合 | 一区二区三区网站在线免费线观看 | 久热精品免费视频 | 免费在线观看亚洲 | 成人自拍网 | 日韩美女在线看免费观看 | 免费国产成人高清在线观看不卡 | 私人午夜影院 |