What do yous reckon this extract (below) from Bloomberg's...

What do yous reckon this extract (below) from Bloomberg's 9/6/13, all means - weakening steel prices in China (June/July) doesn't look very positive for short (medium?) term going forward.

Could be a temporary seasonal/oversupply fluctuation - though could have implications for Chinese mills keeping check/running down IO stockpiles into August/Sept??

"Baoshan Iron & Steel Co., China’s biggest publicly traded steelmaker, said yesterday it cut product prices for hot-rolled and cold-rolled steel for July delivery, lowering rates for the second straight month. Government data today showed rolled steel output growth accelerated to 11.3 percent in May from a year earlier after an 8.1 percent pace in April."

http://www.bloomberg.com/news/2013-06-08/china-may-exports-trail-estimates-as-imports-unexpectedly-drop.html