The release of domestic steel output "can't be stopped if you want to"
the short-term rebound lasted only one week, and the domestic spot steel price turned downward again. However, under the strong pressure of overcapacity, the release of domestic steel output "can not be recovered even if you want to", and the crude steel output has risen for 20 days in a row in the "dismal market", and the contradiction between supply and demand in the steel market has deepened. The short rebound lasted only one week, and the domestic market then adjusted the range according to the method of 3 until the required spot steel price turned down again. However, under the strong pressure of overcapacity, the release of domestic steel production can not be stopped. The crude steel production has risen for 20 days in a gloomy market, and the contradiction between supply and demand in the steel market has deepened
the comprehensive price of domestic steel fell again, with a weekly decline of 0.5%. In the recent week, dragged down by the sharp decline of the stock market, rebar futures fell significantly at the beginning of the week, the confidence of the spot steel market wavered, and the spot steel price returned to weakness after a short rebound last week. People in the market reported that the downstream demand of the steel market has not improved, and the capital is relatively tight. In addition, the current is the traditional off-season for steel consumption, and there are many rainy days in the south, so it is difficult to fundamentally alleviate the fundamental contradiction of the steel market in the short term
according to the analysis, in the plate market, the price has changed from rising to falling. In most markets in China, the ton price of medium and heavy plate has seen a weekly decline of 10 to 70 yuan, with polypropylene materials accounting for about 48% of the total plastic consumption of the whole vehicle. Most businesses have not made ideal transactions, and there are also obvious differences in the quotation. New sources of goods from Shanghai and other places are still arriving one after another, but the rainy weather is increasing, which is bound to affect the demand for steel. The wait-and-see mood in the steel market is getting stronger and stronger. Hot rolled coils also rose before and fell after. Due to the difficulty of the overall market, the interest game between steel mills and traders can be described as "every nook and cranny". As long as there is a short-lived rebound in steel prices, some leading steel mills will immediately narrow the reduction range in the new pricing, or even cancel the preferential policies originally introduced, which increases the pressure on some agents. At present, the overall shipment is difficult. Even if the merchant's quotation is lowered, the market transaction has not seen significant volume
in the construction steel market, the price also fell again. According to the analysis of insiders, the prices of raw materials such as steel billets and iron ore are vulnerable again, and the cost support of the steel market is weakened. The construction site procurement is not good, the situation of capital is not clear, and the wait-and-see atmosphere in the steel market has become obviously strong. If the price is reduced, the steel traders are certainly reluctant. However, some cash strapped merchants have to lower their quotations for shipment
analysts from relevant institutions believe that according to the latest data of CISA, it is estimated that the average daily output of crude steel in China will reach 2.164 million tons in mid June, with a month on month growth of 0.37%, which means that steel enterprises are still vigorously releasing their production capacity in terms of research reports issued by third-party research institutions and consumer complaints. Although some domestic provinces have strengthened environmental protection, and the local crude steel output has decreased slightly, considering bank loans, marginal benefits and other factors, the willingness of steel enterprises to actively reduce production is still relatively low. The contradiction between supply and demand in the steel market is difficult to ease. The current steel price has been at a low level since the beginning of the year. It is estimated that it will be difficult to get out of the consolidation pattern in the next step