Many Steel Mills Have Released Maintenance Plans!

Factors Affecting Steel Prices

1. Many Steel Mills Released Maintenance Plans
According To Official Website Statistics, Many Steel Mills Have Recently Announced Maintenance Plans. With Profit Margins Being Squeezed, Most Steel Companies Have Intensified Their Losses And Reduced Production In Disguise. Baosteel’s Blast Furnace Maintenance Lasted For 70 Days. Baotou Steel, Shougang, China Railway And Other Steel Mills Have Successively Joined This Army Of Production Reduction And Maintenance.
Recently, Spot Market Prices Have Continued To Fall, While Cost-End Iron Ore And Dual-Coke Remain At High Levels. The Profit Margins Of Steel Companies Continue To Decline, Especially The Increase In Losses Of Electric Furnace Steel Companies, Which Has Led To Many Regional Steel Companies Starting Plans To Suspend Or Limit Production. In Addition, Entering In Autumn, Some Steel Companies Have Normal Production Shutdown And Maintenance Plans, And Market Merchants Are Expected To Increase Investment. However, The Average Daily Output Of Molten Iron Last Week Remained High, And The Pressure On Steel Supply Is Still High. It Is Difficult To Alleviate The Pressure On Steel Supply In The Short Term, Which Will Have An Impact On The Price Trend Of Finished Products. Smaller.
2. Promote Technological Transformation Of Energy Conservation, Pollution Reduction And Carbon Reduction In Steel And Other Industries
According To The Opinions Of The State Council, We Will Vigorously Promote New Industrialization And Support Inner Mongolia In Cultivating And Developing Advanced Manufacturing Clusters. Promote The Technological Transformation Of Energy Conservation, Pollution Reduction And Carbon Reduction In Key Areas Such As Steel, Nonferrous Metals, And Building Materials, And Extend The Industrial Chain Of Coal Coke Chemical Industry, Chlor-Alkali Chemical Industry, And Fluorosilicon Chemical Industry. Encourage The Optimization And Reorganization Of Enterprises In Ferroalloy, Coking And Other Fields. Orderly Develop Modern Equipment Manufacturing Industries Such As Photovoltaic Manufacturing And Wind Turbine Manufacturing, And Accelerate The Development Of New Materials Such As Electronic-Grade Crystalline Silicon And Special Alloys.
At Present, Green And Environmental Protection Issues Have Risen To The Forefront, Especially In The Stage Of Rapid Economic Development Of The Country. The Country Vigorously Promotes New Industrialization, Supports The Cultivation Of New Advanced Manufacturing Industries, Eliminates Backward Production Capacity, Optimizes And Reorganizes Serious Polluting Enterprises, And Develops New Types Of Photovoltaic And Wind Power Without Electricity. It Pollutes The Modern Manufacturing Industry, Reduces Steel Supply Pressure, Promotes A Balanced Supply And Demand Structure, And Is Beneficial To Steel Price Trends.
Comprehensive View
At Present, Macroeconomic Policies Are On The Warmer Side, And With The Assistance Of The Central Bank’s Financial Tools, Various Industries Are Showing Signs Of Recovery, Especially New Energy Vehicles And Manufacturing. With The Support Of Favorable Policies, The Market Is Booming, Which Has Led To A Slight Rebound In The Rigid Demand Of The Terminal Part, While The Cost End Iron Ore Continues To Rise, The Demand For Bifocals Continues To Rise, Steel Mills Are Still Expected To Stop And Limit Production, Which Drives The Market’s Investment Demand To Increase, And Some Merchants Are Expected To Replenish Their Stocks. However, According To Market Research By Analysts, It Is Found That Today’s Spot Market Prices Have Increased. Afterwards, There Were Still Transactions In The Market For Shipments Based On Yesterday’s Price. After The Price Increase, The Overall Shipments Were Not Good. The Market Is Mostly Short-Term Operations. We Still Remain Cautious About The Long-Term Market Trend. It Is Expected That Steel Prices Will Be Stable And Rise Tomorrow. , With A Range Of 10-30 Yuan/Ton.
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