中钢协：7月国内钢材市场呈现小幅反弹运行态势

Core Viewpoint - The domestic steel market in China experienced a downward trend in June due to seasonal effects, supply-demand imbalances, and weakening cost support, but showed signs of slight recovery in July influenced by regulatory measures and production controls [1][2][10]. Price Index Summary - The China Steel Price Index (CSPI) averaged 90.10 points in June, a decrease of 2.26 points (2.45%) month-on-month and a decline of 14.14 points (13.56%) year-on-year [2][7]. - The long product index averaged 91.91 points, down 2.41 points (2.55%) month-on-month, and the plate index averaged 88.32 points, down 2.28 points (2.51%) month-on-month [2][4]. - By the end of June, the CSPI stood at 89.51 points, marking a 1.29 point (1.42%) decrease from the previous month and a 13.45 point (13.06%) decline year-on-year [2][7]. Price Changes by Product - In June, the average prices of major steel products fell across the board, with cold-rolled sheets seeing the largest drop of 152 yuan/ton (3.88%) [8]. - The long product index was 91.27 points, down 1.03 points (1.12%) month-on-month, while the plate index was 87.76 points, down 1.43 points (1.60%) [4][8]. Regional Price Trends - In June, the CSPI showed a general downward trend across six major regions in China, with the largest decline in North China at 2.77% and the smallest in Southwest China at 1.72% [12][13]. Factors Influencing Price Changes - Fixed asset investment in China decreased, with infrastructure investment growing by 4.6% and manufacturing investment by 7.5%, both showing a decline in growth rates [15][16]. - The crude steel production in the first half of 2025 was 51.483 million tons, down 3.0% year-on-year, while steel consumption fell by 5.5% [17][18]. International Market Trends - The CRU international steel price index was 188.1 points in June, down 7.0 points (3.6%) month-on-month and 9.4 points (4.8%) year-on-year [20][23]. - The North American steel price index decreased by 4.0%, while the European index fell by 4.5% in June [27][30]. Future Outlook - The steel market is expected to face challenges due to a complex international environment and potential trade tensions, which may impact export strategies [36][38]. - The industry should focus on production adjustments in response to demand fluctuations and adhere to national crude steel production control policies [39][32].