After the most popular seven consecutive overcast

2022-10-23
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The impulse to increase production after seven consecutive days of overcast is still difficult to suppress the steel price

the impulse to increase production after seven consecutive days of overcast is still difficult to suppress the steel price

China Construction machinery information

Guide: in March, steel in the domestic market was still weak, steel prices fell for the seventh consecutive month, and the comprehensive steel price index at the end of the month was 94.83 points, still not exceeding 100 points. In sharp contrast, the average daily output of crude steel in March was 2.266 million tons, and the daily output of crude steel in the first quarter reached 2.2522 million tons, all making a new record

in March, steel in the domestic market was still weak, and steel prices fell for the seventh consecutive month. At the end of the month, the comprehensive steel price index was 94.83 points, still not exceeding 100 points. In sharp contrast, the average daily output of crude steel in March was 2.266 million tons, and the daily output of crude steel in the first quarter reached 2.2522 million tons, both reaching a new record high

China Iron and Steel Industry Association predicts that since April, with the start of market demand, steel prices have rebounded slightly. However, on the whole, the "fast and slow" of supply and demand has not changed the situation of oversupply in the steel market, and it is still difficult for steel prices to rise sharply in the later period

steel prices fell in July

as of the end of March, the CSPI steel composite price index of China Steel Association was 94.83 points, down 1.63 points month on month, with a decrease of 1.69%, an increase of 0.47 percentage points over the previous month, falling for the seventh consecutive month, the lowest level since February 2006; Compared with the same period last year, it decreased by 12.22 points, or 11.42%

among them, the long wood index was 96.75 points, a month on month decrease of 188 points, a decrease of 1.91%; The plate index was 95.26 points, a month on month decrease of 0.74 points, a decrease of 0.77%. The price decline of long timber is 1.14 percentage points higher than that of plate. Compared with the same period last year, the Longwood index decreased by 12.3 points, a decrease of 11.28%; The plate index fell by 11.92 points, or 11.12%

at the end of March, the prices of the eight major steel varieties monitored by CISA continued to fall, but the price decline was narrower than that of the previous month, except for cold-rolled sheet and hot-rolled seamless pipe. Among them, the prices of high-speed wire rod and deformed steel bar fell by 58 yuan/ton and 78 yuan/ton respectively month on month, with a relatively large decline; The price of angle steel fell slightly by 8 yuan/ton; The prices of medium and heavy plate, hot rolled coil, cold rolled sheet, galvanized sheet and seamless steel pipe fell by 11 yuan/ton, 24 yuan/ton, 31 yuan/ton, 5 yuan/ton and 49 yuan/ton respectively

judging from the situation of each week, the steel price continued to decline slightly week by week in March. However, it is slightly gratifying that in April, the steel price index rebounded slightly, and by the third week of April, it had risen slightly for three consecutive weeks

"recently, steel mills will still release a large amount of production capacity, but the sustainability of demand growth is poor, and the enterprise capital chain continues to be tense. Steel prices may still continue to decline, and even the possibility of hitting a new low cannot be ruled out." An industry analyst said

the impulse to increase production is difficult to suppress

the continuous decline in steel prices is closely related to overcapacity in the steel industry. On the one hand, the domestic steel market demand growth is slow, on the other hand, the crude steel production remains high, and the steel market continues to fall into the quagmire of oversupply

constrained by the slowdown of the steel industry, the steel market demand is difficult to boost. According to the National Bureau of statistics, GDP in the first quarter increased by 7.4% year-on-year, down 0.3 percentage points from the same period last year and the fourth quarter respectively; The national fixed asset investment increased by 17.6% year-on-year, 3.3 percentage points lower than the growth rate of the same period last year, and 0.3 percentage points lower than that from January to February; Real estate development investment increased by 16.8% year-on-year, 3.4 percentage points lower than the growth rate of the same period last year, and 2.5 percentage points lower than that from January to February; In March, the added value of industries above designated size increased by 8.8% year-on-year, and the growth rate fell by 0.1 percentage points from the same period last year; The industrial power consumption of the whole society increased by 6.9%, 8.5 percentage points lower than that in February; China's manufacturing PMI was 50.3%, of which the new order index fell 0.4 percentage points month on month; PPI increased negatively for 25 consecutive months

the demand is weak, but the supply is rising, and the daily output of crude steel reaches a new high. Statistics show that in March, China's average daily output of crude steel was 2.266 million tons, the highest level in the history of a single month, an increase of 49000 tons or 2.2% from 2.217 million tons in January to February. In the same period, China's net export of steel was 5.51 million tons, equivalent to 5.86 million tons of crude steel, an increase of 1.8 million tons, an increase of 44.3%. According to the above data, the average daily supply of crude steel in the domestic market in March was 2.077 million tons, up 1.3% from January to February

in addition, the price of raw and fuel materials continued to fall, further weakening its support for steel prices. In March, the prices of raw and fuel materials for steel production continued to decline, and the decline was larger than that of the previous month. Among them, the prices of domestic refined iron powder and imported iron ore decreased by 60 yuan/ton and 70 yuan/ton month on month, with a decrease of 6.32% and 8.24% respectively, an increase of 3.55 and 2.68 percentage points respectively over the previous month; The prices of coking coal, metallurgical coke and scrap steel decreased by 85 yuan/ton, 111 yuan/ton and 61 yuan/ton month on month, with a decrease of 8.42%, 9.31% and 2.58% respectively, an increase of 1.08, 0.86 and 1.58 percentage points respectively over the previous month

however, Sinosteel synergy pointed out that the spot price of imported iron ore fell for five months, the price of scrap steel fell for seven months, and the price of domestic refined iron powder, coal coke and metallurgical coke fell for three months... With the continuous decline in the price of raw and fuel materials, the pressure on steel costs is expected to be reduced

it is still difficult to reverse in the later period

CISA said that since this year, the growth rate of China's manufacturing industry and investment has fallen, and the growth of steel demand is slow. Under the high growth state of steel production, the situation of market supply exceeding demand is difficult to reverse in the short term, and the steel price is still difficult to rebound significantly

nevertheless, there are still many positive factors in the recovery of steel prices. From the perspective of demand 1. The impact testing machine can measure the linear positioning error, straightness error (double axis), yaw angle, pitch angle and rotation angle at the same time. With the continuous investment of the state in the urbanization construction of affordable housing, railways and so on, China's steel demand can find the experimental data corresponding to any point on the curve with the mouse; It is expected to continue to grow. According to the "2014-2015 short term steel demand forecast report" recently released by the International Steel Association, the global apparent steel consumption will increase by 3.1% in 2014, of which China's apparent steel consumption will reach 721 million tons, an increase of 3%, accounting for more than 47% of global consumption, only 0.05 percentage points lower than the previous year, which is still a rapid growth

at the same time, the continuous decline of social inventory has also alleviated the pressure of steel price decline to a certain extent. As of April 18, the social inventory of five major steel products in major markets across the country was 17.37 million tons, a month on month decrease of 2.04 million tons, a decrease of 10.5%, and a month on month decrease for the seventh consecutive week; A year-on-year decrease of 3.48 million tons, a decrease of 16.7%

in addition, the price of raw and fuel materials has stopped falling and stabilized recently, which also has a certain supporting effect on the steel price. Since April, compared with the decline and rebound of steel prices, the price of raw and fuel materials has a very close relationship with food safety, and it has also stopped falling and tended to rise. The leaders attending the meeting included Meng Qingjun, Deputy Secretary General of China Plastics Processing Industry Association, Tian Yan, and Liu Shu. According to the monitoring data of CISA, as of April 18, the average price of domestic iron concentrate powder was 898 yuan/ton, rising for the second consecutive week, with an increase of 1.47%; The average price of scrap steel was 2327 yuan/ton, rising for the third consecutive week, with an increase of 0.91%; Although coking coal and metallurgical coke prices continued to decline in the first week of April, the decline was significantly narrowed, and stopped falling in the second week of April

CISA specially reminded that iron ore prices have stopped falling and tended to rise recently, and the increase is higher than steel prices, which needs attention. As of April 18, the price of imported iron ore in China's iron ore price index was $114.59/ton, up $2.44/ton or 2.18% from the end of March. In the same period, the comprehensive steel price index was 96.39 points, only 1.65% higher than that at the end of March, 0.53 percentage points lower than the increase in the price of imported iron ore

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