China Steel Association: steel prices are difficult to rise sharply

    In August, the macroeconomic operation was stable, affected by production capacity, environmental protection and other policies, the market is expected to continue to rise, steel prices showed a clear upward trend, steel production to maintain a high level. Market demand is basically stable, late steel prices are difficult to rise sharply, will show fluctuations in the operation of the situation.

    In July, steel demand remained stable. By the production capacity, environmental protection and other policies are expected to affect the impact of steel prices rose sharply.Into August, steel social inventories continued to decline, and for the first time lower than the beginning of the year. From the inventory situation, in late July inventory fell to 12.3 million tons, slightly higher than the end of June 1.82%. Steel stocks remain low, the market pressure to further reduce the late.