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Steel production continued losses



Since June, the end of consumer spending weak, coupled with the seasonal consumption of the off-season, making the steel market oversupply, the price fell significantly.
 
Take Shanghai area 3 grade thread steel as an example, at the beginning of June, the price is 2170 yuan/ton, as of the end of the month, prices fell to 1980 yuan/ton, drop by 9%.
 
 
Cement prices fell, consumer weakness
 
 
Production loss of Steel continue increases
 
 
Decline in consumption and lead to passive inventory reduction
 




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