Steel production reached new heights.
According to data released yesterday by the China Iron and Steel Association, the crude steel production of 76 key enterprises across the country was 16.9211 million tons in the second half of June. The average daily output was 1,692,300 tons, an increase of 3.21% over the previous ten days; three companies did not report production. Based on this estimate, the country produced 20.2085 million tons of crude steel in the current period, with an average daily output of 2.018 million tons, exceeding 2 million tons for the first time.
In addition, the cumulative daily average of crude steel production in June was 1.954 million tons. “The plate market is not good, because the long products market is better, indicating that the long products companies have very high production enthusiasm.†China Union Steel Network analyst Hu Yanping told the “First Financial Daily†yesterday.
In the first half of this year, the operating rate of steel mills has been at a relatively high level, and the output of steel has thus reached a new level. The operating rate of steel mills has been at a relatively high level since entering the second quarter, and the daily output of crude steel has always exceeded 1.9 million tons.
At the beginning of May, the price of construction steel was eye-catching. Afterwards, it was under the influence of factors such as the general environment and the continuous decline of industrial prosperity until the end of June. Hu Yanping believes that when the current round of prices falls to near the cost line, it will be supported. At the same time, the steel industry will mainly use the steel industry to regain strength at the end of July or August and touch the low point of the year. It is necessary to prepare for the next production season and the demand is expected to increase. Heavy volume, coupled with the arrival of the peak period of affordable housing, will boost the steel market.
Liu Huifeng, an analyst at the China Iron and Steel Research Center, believes that the next 1 to 2 months will be the off-season consumption of the major downstream steel industry. In addition, due to excessive inflationary pressure, the tightening policy may continue to be introduced. Therefore, the probability of steel price decline before the end of July is greater. .
However, Liu Huifeng also believes that by the end of the third quarter, with the start of the concentration of affordable housing will bring about 25 million tons to 30 million tons of construction steel demand, steel prices are likely to move upward. On the other hand, since late June, Japanese car makers such as Toyota have begun to recruit large-scale temporary workers to ensure production capacity. Therefore, it is expected that the automobile production will gradually recover after the third quarter, and the demand for sheet steel will be improved by then.
According to data released yesterday by the China Iron and Steel Association, the crude steel production of 76 key enterprises across the country was 16.9211 million tons in the second half of June. The average daily output was 1,692,300 tons, an increase of 3.21% over the previous ten days; three companies did not report production. Based on this estimate, the country produced 20.2085 million tons of crude steel in the current period, with an average daily output of 2.018 million tons, exceeding 2 million tons for the first time.
In addition, the cumulative daily average of crude steel production in June was 1.954 million tons. “The plate market is not good, because the long products market is better, indicating that the long products companies have very high production enthusiasm.†China Union Steel Network analyst Hu Yanping told the “First Financial Daily†yesterday.
In the first half of this year, the operating rate of steel mills has been at a relatively high level, and the output of steel has thus reached a new level. The operating rate of steel mills has been at a relatively high level since entering the second quarter, and the daily output of crude steel has always exceeded 1.9 million tons.
At the beginning of May, the price of construction steel was eye-catching. Afterwards, it was under the influence of factors such as the general environment and the continuous decline of industrial prosperity until the end of June. Hu Yanping believes that when the current round of prices falls to near the cost line, it will be supported. At the same time, the steel industry will mainly use the steel industry to regain strength at the end of July or August and touch the low point of the year. It is necessary to prepare for the next production season and the demand is expected to increase. Heavy volume, coupled with the arrival of the peak period of affordable housing, will boost the steel market.
Liu Huifeng, an analyst at the China Iron and Steel Research Center, believes that the next 1 to 2 months will be the off-season consumption of the major downstream steel industry. In addition, due to excessive inflationary pressure, the tightening policy may continue to be introduced. Therefore, the probability of steel price decline before the end of July is greater. .
However, Liu Huifeng also believes that by the end of the third quarter, with the start of the concentration of affordable housing will bring about 25 million tons to 30 million tons of construction steel demand, steel prices are likely to move upward. On the other hand, since late June, Japanese car makers such as Toyota have begun to recruit large-scale temporary workers to ensure production capacity. Therefore, it is expected that the automobile production will gradually recover after the third quarter, and the demand for sheet steel will be improved by then.
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