Abstract Black futures fell, with iron ore down 5.9% and rebar down 5.4%. Hot rolled once hit a daily limit, down 5.8%, while ferrosilicon and manganese silicon fell more than 3%. Yesterday evening, China Steel Association issued a document saying that the price of steel in the later period is difficult to rise sharply.
Black futures fell, iron ore fell 5.9%, rebar fell 5.4%, hot rolled once hit the down limit, is down 5.8%, ferrosilicon, manganese silicon fell more than 3%. Yesterday evening, China Steel Association issued a document saying that the price of steel in the later period is difficult to rise sharply.
China Iron and Steel Industry Association issued a document on August 22, saying that in July, the macroeconomic operation was stable, affected by policy measures such as capacity and environmental protection. The market expectation continued to rise, steel prices showed a clear upward trend, and steel production remained at a high level. In the later period, it is difficult for steel prices to rise sharply, and it will still be a volatile operating trend.
The article pointed out that from the macroeconomic operation of the previous seven months, the steel industry mainly maintained growth. The demand for steel in the later period will be basically stable. Since the beginning of this year, on the one hand, the country has achieved remarkable results in promoting capacity and comprehensively removing “strip steelâ€; on the other hand, the release of advantageous production capacity has improved the market supply and demand situation. From the perspective of the supply and demand situation in the later period, the environmental protection and production restriction measures in the heating season will have a certain impact on the supply. However, with the rapid release of the superior production capacity, there will be no large gap in the later market, and the steel price will not rise sharply and will fluctuate. situation.
The article believes that the rapid increase in steel prices not only drives up the price of raw materials, but also drives the rapid release of steel production capacity, which is not conducive to the smooth operation of the steel industry. The high price of iron ore fluctuates, which is not conducive to the cost reduction and efficiency of steel companies.
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