Why has the price of steel been decreasing? 2065438+August 2005

The steel price data of Sinosteel shows the cost side: Tangshan billet rose to 1900 yuan/ton this morning. Yesterday, the price of 20mm thick plate in Handan and Puyang temporarily stabilized at 2050 yuan/ton; The prices of 8mm high-speed wire rods of Fangming and Yuhua in Hebei increased by 30-2 170 yuan/ton, and the prices of building materials of Xinfu Iron and Steel, Sichuan Desheng, Tangshan Iron and Steel Long Xuan, Changjiang Iron and Steel, Yuxi Yukun, Rizhao Iron and Steel, Jingang, Weigang, Chenggang Guiyang and Kungang increased by 10-80 yuan/ton, and now Kungang is 65438. Demand side: due to insufficient demand follow-up, the price increase began to shrink.