In August, the inventory was at a high level, the output of steel mills did not decline, and the demand was affected by the record rainfall brought by the typhoon. Flood storage occurred in many places in Hebei, transportation restrictions, and construction site shutdowns seriously affected the release of demand.
1. The current price of building materials in Hebei is low, which is 460 yuan/ton lower than the average price in the same period last year.
2. The supply continues to be high, with a weekly output of 321,500 tons and some production lines have plans to resume production.
3. Inventory growth has expanded, and the accumulation speed is too fast in other areas.
4. Demand weakens seasonally, and transactions continue to weaken.