China Steel Association released its monthly report on September 19. It is predicted that steel prices will continue to rise sharply in the face of an overall oversupply of the steel market, and it is expected that the steel market will continue to fluctuate in the later period.
China Iron and Steel Association pointed out that the recent rebound in market steel prices is the result of sustained growth in demand and supply and demand. Iron and steel companies should pay attention to the adjustment of product mix and effective capacity control, reasonably adjust the ex-factory prices, and maintain a relatively stable steel market.
According to the report, in September, the peak season for steel consumption was accompanied by a continuous decline in domestic crude steel production and local efforts to increase energy conservation and emission reduction. Some companies were affected by factors such as production restrictions and power cuts, and the contradiction between supply and demand in the domestic market will continue to ease. The price has stopped falling and rebounded obviously. However, the domestic and international environment facing the steel market is still complicated, and there are still many factors affecting the growth of steel demand.
According to the data released by Sinosteel on a joint day, at the end of August, the social steel stocks of the five major steel products in the 26 major steel products markets in the country totaled 14.9 million tons, a decrease of 40,000 tons from the previous month, a decrease of 0.3%.
From the variety point of view, long products stocks continue to maintain a downward trend. The stocks of steel bars and wire rods fell by 4.0% and 8.4% respectively. Plate stocks and coil stocks continued to rise, with increases of 7.0% and 4.5% respectively. Inventory of cold-rolled steel sheets increased by 0.8% month-on-month.
In terms of prices, China Iron and Steel Association statistics show that the prices of major steel products in August all showed upward trend. Among them, the increase in long products prices, rebar, wire rod rose by 5.81% and 3.99% respectively; plate prices rose less, plate, hot rolled sheet, hot rolled sheet, cold rolled sheet and galvanized sheet were The chain ratio increased by 2.50%, 2.53%, 0.95%, 2.59% and 2.80%; the hot-rolled seamless pipe rose by 1.18%.