Zhonghong Iron and Steel on the 26th in May within the export price, a comprehensive reduction in the price of the product, which part of the domestic price, hot rolled down 400 yuan per ton, down 2.15%, cold rolled 500 yuan per ton, down 2.27% -2.32%, hot-dip galvanized coil down 1,000 yuan per ton, down 4.54%; export price part, according to different specifications of products and different regions, each ton to maintain flat down to 45 US dollars.

In the red cut in May after the price, hot domestic sales of about 18,200 yuan per ton, cold rolled about 21,000 to 21,500 yuan per ton, hot-dip galvanized steel coil about 21,000 yuan per ton; export price Copies, hot-rolled about 500-510 dollars per ton, cold-rolled about 600 US dollars per ton.

Zhonghong said that the Chinese mainland market recently fell back, the supply of excess and increased inventory, in addition to lower domestic prices, the hot-rolled export prices also followed down, of which Southeast Asia’s latest offer between 440-450 US dollars per ton, which is normal Of the regulation of the phenomenon, as Japan and South Korea because of raw material costs are still high-grade steel, do not want to bargain competition.

Looking forward to the outlook, market participants said the mainland steel prices after this wave of regulation, the circulation market stabilized stabilized, and the international iron ore prices rebounded, coupled with the Australian coking coal prices are still high, so the price of steel Support, market outlook is still worth looking forward to.