The survey shows that the steel market has been weakly operated in June.

According to the National Development and Reform Commission, according to a survey of major steel wholesale markets nationwide, the sales price expectation index and purchase price expectation index of the steel wholesale market in June were 43.01% and 49.55% respectively, decreasing by 15.14 and 10.98 percentage points from the previous month, falling below the 50% mark, reflecting a shift from strong to weak market sentiment. The sales volume expectation index and inventory level expectation index of the steel wholesale market in June were 43.75% and 57.72% respectively, decreasing by 2.55 and increasing by 12.53 percentage points from the previous month, reflecting a weakening downstream demand support and an accumulation of inventory. The sales cost expectation index and sales profit rate expectation index of the steel wholesale market in June were 51.1% and 37.87% respectively, decreasing by 8.16 and 12.87 percentage points from the previous month, positioning above and below the 50% mark, reflecting an expectation of increasing sales costs and narrowing sales profit margins in the market.