The domestic steel prices continued to fall this week, with the prices of construction steel fell by 90-200 yuan/ton, HRC prices fell by 50-130 yuan/ton, plate prices fell by 20-70 yuan/ton, CRC prices fell by 20-130 yuan/ton.
In terms of stainless steel, the prices of 304 series stainless steel fell by 100-400 yuan/ton, prices of 201 series stainless steel fell by 150-200 yuan/ton, and 430 series stainless steel fell by 100 yuan/ton.
At present, both of the supply and demand of in domestic steel market are weak, and BF steel mills are with have low profits or in losses, traders are with pessimistic sentiments and are selling at low prices.