Will steel prices fall in July

In June, the steel price fell by more than 200, and the influence of seasonal factors in July was not prominent.

After a big rise and fall in May, the overall fluctuation of steel price narrowed in June. The average price of hot coil decreased by 275 yuan / ton, and the average price of medium plate decreased by 325 yuan / ton. Compared with the price before the year, the average price of hot coil increased by 868 yuan / ton, and the average price of medium plate increased by 870 yuan / ton. After a big drop in May and downward adjustment in June, the current steel price is close to the price level at the beginning of April this year. At the same time, July is a traditional off-season, but the impact of seasonal factors on steel prices in July is not prominent.

From the price fluctuation of the 11 years from 2010 to 2020, the steel price rose in July of nine years, and fell in only two years. It shows that seasonal factors have little influence on July, and there is no obvious regular weakening feature. Therefore, to judge the steel price in July, we still need to consider multiple factors such as macro, changes in supply and demand structure, cost, and even the current price level.

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