The steel output rebounded in April, and the probability of steel price reduction increased in May.
steel output rebounded in April, and the probability of steel price reduction increased in May.
China Construction Machinery Information
Guide: according to the latest data statistics of China Iron and Steel Industry Association, the daily output of crude steel in China in late April was 1941000 tons, an increase of 1.95% over the 1903900 tons in mid April. In April, the daily output of crude steel in China was 1.931 million tons, up 0.98% from 1.912 million tons in March, the highest level in history under the same caliber
according to the latest statistics of China Iron and Steel Industry Association, the daily output of crude steel in China was 1941000 tons in late April, up 1.95% from 1903900 tons in mid April. In April, the daily output of crude steel in China was 1.931 million tons, up 0.98% from 1.912 million tons in March, the highest level in history under the same caliber
according to the analysis of Xiben Shinkansen, the main reasons for the rebound of domestic crude steel production in April are as follows: firstly, some steel mills had concentrated maintenance in March, and with the completion of steel mill maintenance, the release of output in April was accelerated; Second, in April, the market price of steel (4829,4.00,0.08%) rose sharply. Many human errors were also avoided in construction steel, hot rolled coil, etc. the national average price of major steel varieties rose by more than 200 yuan/ton, which stimulated the steel mills to speed up production progress by profits. However, the subject of power rationing, which received much attention in the early stage, has not yet had a direct impact on the production of most steel mills
several domestic institutions have expressed similar views. Although there is no fear of a sharp decline in steel prices, the short-term adjustment seems likely to increase under the action of multiple factors
Xiben Shinkansen predicts that the domestic construction steel market will face some adjustment pressure in the short term under the circumstances that bulk traders can adjust the zero position adjustment screw to the upward adjustment of China's important products with resource shortage, the policy is tightening, the cost support is weakened, and the inventory resources are profitable. However, at present, the inventory in the domestic market is low, and the power restriction will have an impact on the supply. It is expected that there will not be much room for the downward adjustment of the price of construction steel, and the price is still expected to regain its upward trend after a short adjustment
as for the inventory problem that the industry has been paying close attention to, although the construction steel inventory in the main domestic markets has decreased for nine consecutive weeks, with the steel plant operating rate still high, the daily output of China Steel Association in April reached the same level as that of the same export. BASF has launched an experimental project of five crops in Xinjiang, reaching a record high. The planned output of the leading steel plant in May continues to increase month on month, indicating that the supply will increase in the later period, Social inventory may increase in stages
huyanping, an analyst at China United Steel, believes that after the middle of May, the leading steel mills led by Baosteel will successively issue the plate ordering policy in June. Considering the limited decline in spot prices, high production costs and some downstream industries entering the off-season of production, it is expected that the plate ordering price of the leading steel mills will be stable and slightly reduced