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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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