The price of building steel and common plate decreased by 0.56% and 0.10% respectively. Compared with July 2018, the price of construction steel increased slightly by 2.26%, while the price of common plate decreased slightly by 2.53%.

Recently, Inner Mongolia has been experiencing hot and hot weather in many places, and the steel market is in the traditional off-season. In addition, the investment in real estate and infrastructure has fallen somewhat. It is difficult for the downstream demand to recover quickly and the demand side is weak. At the same time, because the price of raw materials such as iron ore is at a high level, some steel producers choose staggered peak maintenance, steel supply declines, and the market presents a pattern of "limited supply, difficult demand".

According to industry analysis, iron ore prices will continue to decline the possibility will increase, business profit space will gradually recover, some capacity will be restarted, August supply pressure is increasing. On the demand side, with the landing of some infrastructure projects, the growth rate of real estate investment is accelerating, coupled with the approaching "gold, silver and ten" traditional consumption peak season, downstream demand or early release. It is expected that steel prices in Inner Mongolia will show a trend of "restraining first and then rising" in August.