From physical union steel logistics professional committee survey released by the iron and steel industry in the PMI, 47.9% in July, down 0.3% compared with last month sub-index, according to market demand growth, enterprise production and operation activities, finished goods inventory, steel procurement activities also was contracting together, despite the effects of restricting output policy, but there still exists certain supply exceeds demand, hong kong-listed hong kong-listed presents the trend of slowing down

（1）the production and operation activities of steel mills have declined

（2）Market demand growth slowed down

（3） Inventories of finished goods rebounded

（4） steel price shock downward

（5）Prices of raw materials remain high

（6）The capital environment is slightly relaxed