A large number of 2 wide coil plate steel mills have a strong wait-and-see atmosphere.
The basic pattern of oversupply of the 2 wide rolled steel sheet market remains unchanged. According to reports from relevant agencies, in the domestic mining market, the price of iron concentrate powder in Hebei Province has risen slightly, but the transaction is still weak, the wait-and-see atmosphere of 2.0 wide coil steel mill is still strong. Import prices rose first and then fell, with the Prussian 62% grade iron ore index rising $1.25 a week to $51.25 a tonne on the 23rd.

According to a report released by the world's leading miners, such as Vale and BHP Billiton, ore production increased dramatically in the first half of this year, and market supply increased significantly. Some mainstream investment banks expect the global iron ore surplus to expand further by 2020, suggesting that prospects for future weakness are strong. Relevant institutions believe that the current supply and demand situation in the steel market has not been significantly improved, and the rise in steel prices lacks a basis. In the short term, steel prices will still be dominated by low ranking.
Despite China's rebound in housing starts and infrastructure overtaking real estate as a steel market, improvements in the second half of the year may not be strong enough to support iron ore prices. Goldman Sachs analysts Christian Lelong and AberCai predict iron ore prices will fall in the next four quarters to $49 a tonne by the end of September and further to $44 by April-June 2016.
With the decrease of environmental hype heat, coupled with upstream hot rolling varieties also showed a concussion trend, cold rolling market has become cold and cold. However, it is noteworthy that, due to the recent arrival of less new resources, some areas of serious specifications irregularities, and in low inventory, and in view of the downstream demand is still in a depressed state, most businessmen believe that the significance of price adjustment is not great, so basically adopt a temporary stable quotation to see the future operation.