The steel price of China Steel Association will re

2022-07-30
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The price of steel products of CISA will remain high in the later period. The price of steel products of CISA will remain high in the later period. Introduction: yesterday, the monthly report of China Iron and Steel Industry Association showed that in June, the growth rate of China's steel production fell, steel exports continued to decline, market supply and demand were basically balanced, and domestic steel prices maintained a relatively stable operating trend; Due to tight supply and low inventory in the international steel market, steel prices continue to rise

yesterday, the monthly report of China Iron and Steel Industry Association showed that in June, the growth rate of China's iron and steel production fell, steel exports continued to decline, market supply and demand were basically balanced, and domestic steel prices maintained a relatively stable operating trend; Due to tight supply and low inventory in the international steel market, steel prices continue to rise, and the market will still operate at a high level in the later stage

according to statistics, in June, domestic steel prices showed a slight adjustment trend. At the end of June, the domestic steel composite price index was 161.47 points, up 4.61 points month on month, or 2.94%, 3 percentage points lower than that of the previous month. In June, compared with may, the prices of long and medium-sized products of the eight main basic varieties of steel Lixin Yuzhong monitored by CISA changed from increase to decrease, of which the common line and deformed steel bar decreased slightly, the index decreased by 1.6 points and 2.96 points respectively, and the prices fell by 55 yuan/ton and 104 yuan/ton; The prices of plates and pipes continued to rise, with seamless pipes and galvanized plates rising significantly, with the index rising by 13.32 points and 8.67 points respectively, and the prices rising by 616 yuan/ton and 448 yuan/ton. The main reasons for the rise of seamless pipe are the sharp rise in the prices of pig iron, scrap steel, coke and pipe blank and the increase in the export of seamless pipe; Medium and heavy plate, hot sheet, hot coil and cold rolled sheet rose relatively little, the index rose by 2 to 5 points, the price rose by 89 to 258 yuan/ton, and the increase fell significantly

according to the report, coking coal resources in the domestic iron and steel industry continued to be tight in June, and the provisions included in the following standards were missing. Northern coking enterprises raised the ex factory price of coke significantly twice. At the end of June, coking coal and metallurgical coke rose by 488 yuan and 404 yuan per ton respectively, and the continuous extension of the industrial chain increased by 38.2% and 17.1% per month; The prices of scrap steel and pig iron increased by 161 yuan/ton and 338 yuan/ton, up 4.2% and 7.6% month on month, both exceeding the comprehensive price increase of steel in the current month; Spot prices of domestic and imported iron ore continued to rise. Steel production costs continued to rise, providing strong support for domestic steel prices. At the same time, in June, China's steel inventory in 26 major markets decreased by 22000 tons month on month, a decrease of 0.8%, which has maintained a downward trend for four consecutive months. By the end of May, the production and sales rate of large and medium-sized iron and steel enterprises reached 98.64%

CISA believes that as the state continues to implement the tight monetary policy, some enterprises are in a tight financial situation, especially the steel trading enterprises, which are even sold off due to the influence of funds. Due to the rising price of steel, some users are waiting to buy. Due to the rising price of raw and fuel materials, the shortage of electricity and transportation, and the state's efforts to eliminate backward production capacity, China's steel production will continue to maintain a low-speed growth trend in the later period. In the second half of the year, the infrastructure and housing reconstruction after rain, snow and earthquake will increase the demand for steel. The growth rate of steel output will slow down, the demand for steel will not be significantly weakened, and the situation of basic balance between domestic supply and demand will not change to low test repeatability. Under the dual effects of demand pull and cost rise, it is expected that the steel price in the domestic market will remain high in the later stage, but there may be small fluctuations in different varieties and different periods

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