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Overview of industry news on July 18

1. The global steel market is now oscillating
In the first two weeks of July, the international steel market was uplifted and the shocks intensified. The global steel benchmark price index of 112.62 points was 1.12% (expanded) on a week-on-week basis, and rose by 0.64% on a month-on-month basis. It fell 8.21% (the decline converges), down 7% year-on-year (the decline has widened). Based on the resumption of Sino-US trade negotiations, the expansion of interest rate cuts, the volatility of liquidity, and the rebound of the oversold, it is expected that the international steel market will rebound in the near future.

2. China Steel Association: Steel prices in the domestic market continued to decline in June, and it is difficult to rebound sharply in the later period.
In June, China's economy continued to maintain a steady development trend, and steel demand in the domestic market continued to grow. Affected by the rapid release of steel production capacity, the steel market showed a situation of oversupply, and steel prices continued to decline. In July, the price of steel in the first two weeks showed a slight fluctuation, and it was difficult to rebound sharply in the later period.

3. Steel companies in East China have the highest sales volume of domestic steel
From January to May, iron and steel enterprises in North China sold a total of 75.727 million tons of steel products in China, an increase of 13.78% year-on-year; steel enterprises in Northeast China sold a total of 2,396.63 million tons of steel in the domestic market, an increase of 10.79%; the steel enterprises in East China sold in China. The steel industry was 83,495,900 tons, a year-on-year increase of 6.94%; the steel enterprises in Central and South China sold a total of 37.360 million tons of steel in the domestic market, an increase of 12.18%; the steel enterprises in the northwest region sold a total of 10.9742 million tons of steel in the domestic market, an increase of 14.58%; A total of 16.807 million tons of steel was sold in China, a year-on-year increase of 16.40%.