China's Steel Market In 4th Week Of July To Expand Rate Of Decrease

摘要

Seeing steel prices on national average in the 4th week, prices of HR coils were decreased by 196 CNY (about 31 dollars) from the previous week to 3,934 CNY (624 dollars, tax inclusive, hereinafter the same). The range of price drop was 72 CNY (11 dollars) in the 3rd week of July. That in the 2nd week was only 45 CNY (7 dollars). Week by week, the rate of decrease is expanding. Prices of cold-rolled steel sheets also dropped by 136 CNY (about 22 dollars) in the 4th week to 4,674 CNY (742 dollars).