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Steel prices after a short - term rational callback steel market gold is still available

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Steel prices after a short - term rational callback steel market gold is still available

  • Categories:Company news
  • Author:
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  • Time of issue:2020-07-10 10:19
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(Summary description)After entering September,the steel price started with weakness and the rise was weak,seeing that the"Gold nine"was about to fail,but I think the September steel price can still be expected.Below and listen to the author of a few positive factors.

Steel prices after a short - term rational callback steel market gold is still available

(Summary description)After entering September,the steel price started with weakness and the rise was weak,seeing that the"Gold nine"was about to fail,but I think the September steel price can still be expected.Below and listen to the author of a few positive factors.

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2020-07-10 10:19
  • Views:0
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After entering September,the steel price started with weakness and the rise was weak,seeing that the"Gold nine"was about to fail,but I think the September steel price can still be expected.Below and listen to the author of a few positive factors.
One,environmental protection limits the aspect of production
Environmental protection and production restrictions have never been relaxed,especially in the steel town of Tangshan.Tangshan city ecological environment protection work leading group office yesterday issued the"Tangshan city ecological environment depth renovation month of action plan",although because of the details and other problems,at present the relevant departments have withdrawn the document issued.But the plan put forward in September steel production limit is no less than In August,still can not be underestimated.In addition to leak has not only limited to the tangshan area,linfen region distributed yesterday has been fully implemented,star,constant slightly(zhiqiang steel)of constant bought new jinshan,zhongsheng,(XiangFen area)all boring furnace production to September 20,map of houma area of constant,rakhine,restricting output by 50%,to September 20,on September 21,began to map of houma area boring furnace production,limit production 50%XiangFen area.The expansion of environmental protection production limit area has become a powerful factor to boost steel price confidence.
Second,the supply side
According to data released by China Iron and Steel Association,in mid-August,key steel enterprises produced 18.9552 million tons of crude steel,17.1707 million tons of pig iron and 17.8429 million tons of steel.The daily output and the increase and decrease compared with the last decade are:1.8952 million tons of crude steel,a reduction of 41,800 tons,a reduction of 2.16%;Pig iron was 1,717,100 tons,with a reduction of 33,600 tons,or 1.92%.Overall,the production of iron and steel enterprises has a small reduction,supply continues to maintain a tight state.It is also understood that the increase in maintenance around the situation(as shown in the figure below),some market specifications are still out of stock phenomenon.
Third,infrastructure
According to the latest data,the area of commercial housing sales grew by 4.2%in the first seven months of the year.From January to July,investment in real estate development increased by 10.2%year on year.The housing construction area of real estate development enterprises increased by 3.0%year-on-year;The area of new housing starts reached 11.4781 million square meters,up 14.4%year on year.Has reversed the previous decline in growth.Form a certain support for steel demand.
With the increasing pressure of environmental protection and production limit policy,businesses have good expectations for the future market;At the same time,after the start of autumn,the construction site in the north to increase the rate of operation,downstream demand is expected to release,and in the end of the pressure,the finished product price is difficult to suppress,the steel mill is willing to pay a strong price.Therefore,the author believes that after a short-term rational correction,the"Golden Nine"can still be expected.

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Steel prices after a short - term rational callback steel market gold is still available
After entering September,the steel price started with weakness and the rise was weak,seeing that the"Gold nine"was about to fail,but I think the September steel price can still be expected.Below and listen to the author of a few positive factors.
查看详情 白箭头 黑箭头
Steel volume increased environmental restrictions on production
This week,steel mill inventory a small reduction,increased turnover,and social inventory has accumulated.On Friday,the social inventory of large steel varieties accumulated,increased by 35,900 tons to 9,982,300 tons month on week,among which the inventory of rebar decreased by 56,400 tons to 4,3222,200 tons.The main inventory varieties of wire and plate increased by 591 tons,36,300 tons to 1,37.87 tons and 999,900 tons respectively.
查看详情 白箭头 黑箭头
The key to the steel price trend is inventory
Since the second quarter of this year,the country's steel prices rise in shock.Lange Steel network market monitoring data shows that as of August 14,2018,Lange steel price composite index is 168.6 points,up 12.4 percent from March 30 this year.The long material price index is 185.1 points,up 19.3%;Plate price index is 153.9 points,up 8.6%.On August 13 this year,the rebar main contract closing ton price was 4,327 yuan,up 27.6%from March 30.
查看详情 白箭头 黑箭头
Baosteel said the devaluation of the yuan has increased financial costs and reduced exports to the United States in the second half of the year
Baosteel Corp(600019.SS),China's largest steel producer,said on Tuesday that the depreciation of the exchange rate has caused its financial expenses to rise and the company has increased the lock-in ratio of its foreign currency exposure to current trade frictions with the United States and the devaluation of the renminbi.Company exports are expected to be generally steady in the second half of the year,although exports to the United States will be lower.
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