According to Ministry of Commerce (MOC), the monitored production raw material prices kept dropping for three months.

In the week ending July 15, steel price declined 0.4%WoW caused by rising crude steel production and weakening demand in steel-consuming industries as automobile. Among them, Φ6.5mm high speed wire rod, 3mm plain HR sheet, 8# channel fell down by 0.6%, 0.5% and 0.4% respectively.

Source: www.steelhome.cn/en
China steel information centre and industry database

(www.steelguru.com)