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According to the statistics of the China Steel Association, crude steel output of the key large and medium-sized enterprises in late July 2012 was 1.6073 million tons, the mid-ring decreased by 2.66%. Expected in late July, the average daily production of crude steel was 1.9494 million tons, the mid-ring decreased by 2.2%. By some steel mills to increase maintenance efforts in late July, average daily production of crude steel chain fall, but the decline rate is not obvious, the production is still at a relatively high supply pressure is still larger.

Inventory, as of August 10, the domestic steel major cities of the social stock of 15.14 million tons, a decrease of 156,800 tons as compared to August 3, inventories fell 1 percent. The steel stocks continued to decline, the steel trade in the late steel price trend is still optimistic. Domestic rebar social stock of 6.4139 million tons, a decrease of 93,300 tons, as compared to August 3 rebar to the inventory began to accelerate.

The demand side, low levels of terminal purchases. As of August 10, the week end purchases of 1.5 million tons, a decline of 374 tons. The high temperatures and rainy weather is not suitable for site construction, combined with steel confusion by making the market unstable state of mind, downstream customers have delayed purchasing price cuts demand growth begins to slow down, terminal procurement volume of shrinkage. Weak downstream demand is still very limited support for prices.

Spot, the recent steel spot prices to ferocious go fast, quickly dropped back to square one pull up, but stock price dropped back to the starting point to continue down power shortage in the short term has stabilized. August 14, rebar national average price of 3635 yuan / ton, compared to August 7 rose 11 yuan / ton. Iron ore, coke, scrap prices fell, according to the Qingdao port iron ore spot price, the Jin Xincheng profit model, according to the national average price, net of tax estimates, August 14, the rebar gross profit of $ 22 / t, the estimated gross profit up, rebar cost of support continue to weaken.

From the latest macroeconomic data, regardless of the PPI, real estate data, M1 and M2, or import and export data are basically bad for the steel city. From a real estate data, the chain of real estate sales area in July improved investment growth in the construction area, as well as new construction area of ??year-on-year to continue down, housing prices continue to go to stock-based, the new start the construction area is not acceleration. As the steel of the most important downstream demand, real estate started to not start if the price of rebar is also difficult to get upward momentum. The output data from the rebar, the average daily production of crude steel in late July 2012 was 1.9494 million tons, the mid-ring decreased 2.2%, while capacity declined, but more than 1.9 million tons production capacity is still weak market can not afford. The same time, the steel business inventories high end purchases still have not seen improvement, iron ore, coke, scrap prices in the downstream, also makes the cost to support weakened. The fundamentals of the steel has not been a substantial improvement, the rebar late trend is still optimistic.