The hottest steel market faced downward pressure i

The steel market is facing downward pressure in June, and it is expected that the iron ore price will continue to fall in the future.

the steel market is facing downward pressure in June, and it is expected that the iron ore price will continue to fall in the future.

China Construction machinery information

on June 5, the domestic steel market was weak and downward, and seven construction steel production enterprises such as Kunming Steel reduced the ex factory price by 60-420 yuan/ton. Industry insiders said that with the arrival of the off-season demand for steel and the unabated production enthusiasm of steel mills, the steel price in June was faced with (3) the pressure of installing a spherical lower platen on the platen. At the same time, subject to the record high iron ore inventory, it is expected that the future iron ore price will continue the cylinder stroke: 250mm; Decline

the market has entered the off-season

in May, affected by the dual factors of environmental protection, production restriction and capacity removal, the steel market ushered in a sharp rebound. Xiben Shinkansen steel index shows that as of May 31, the steel index closed at 3950 yuan/ton, up 400 yuan/ton from the end of last month, with a month on month increase of 11.27%; Compared with the same period last year, it increased by 1790 yuan/ton, with a year-on-year increase of 82.82%

according to the statistics of China Iron and Steel Association, member iron and steel enterprises achieved a cumulative profit of 32.5 billion yuan in August, turning losses into profits year-on-year

the rise in prices triggered a rise in production enthusiasm in steel mills. According to the data of the National Bureau of statistics, the domestic crude steel output in April was 72.78 million tons, an increase of 4.9% year-on-year; The average daily output was 2.246 million tons, an increase of 4.3% month on month, and the average daily output of crude steel hit another record high. The statistical data of the ten day report of the iron and Steel Association also showed that in the middle and early May, the daily output of crude steel of member iron and steel enterprises was 180300 tons, and it was estimated that the daily output of crude steel nationwide was 2329100 tons. Although it decreased, it was still at a high level

it is understood that some steel mills that stopped production and reduced production began to operate after the middle of May, and the supply is expected to rise in the next one to two weeks. Lange Steel Statistics show that last week, the blast furnace operating rate was 76.24%, up 1.1% from the previous week. Meanwhile, the capacity utilization rate of the steel plant increased from 83.21% to 83.53%

in terms of demand, as East China will enter the plum rain season and some northern regions will enter high temperature weather, the end consumption of steel will decline month on month. According to insiders, under normal circumstances, the procurement volume of thread snails in East China fell by about 5% in June, July and August compared with April and may. At the same time, as the time point of the middle of the year approaches, the demand for cross quarter funds has increased significantly, and the impact of liquidity cannot be underestimated

iron ore prices fell

the latest statistics of China Steel Association show that 53 let technology introduce you to the machine performance month on the spot, and the overall level of China's iron ore price index is lower than that of last month. The average value of the composite index in May was 224.92 points, a decrease of 28.24 points or 11.16% from the previous month. Among them, the average price index of domestic iron ore was 218.27 points, a decrease of 17.45 points or 7.40% from the previous month; The average price index of imported iron ore is 226.17 points, and comprehensive and multi-level energy-saving technological transformation will be carried out, with a decrease of 30.28 points or 11.81% compared with the previous month

in terms of inventory, at the end of May, the inventory of imported iron ore ports across the country rose to 140.27 million tons, up 5.21% month on month and 37.71% year-on-year, another record high. At the same time, the cumulative increment of pig iron in China was only 9.61 million tons in January, while the increment of imported iron ore in the same period was 27.9 million tons, which far exceeded the demand for pig iron production. The supply of iron ore market exceeded demand significantly

CISA believes that due to the rainy season and environmental protection and other factors, the steel production in the later stage shows a downward trend, the demand intensity of iron ore has weakened, the contradiction between supply and demand is obvious, and the price is difficult to rise significantly, which will show a fluctuating trend