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What impact does the Russian-Ukrainian conflict have on the domestic steel market
Recently, the escalation of conflicts between Russia and Ukraine has caused shocks in global financial markets and commodity markets, and many stock markets have suffered heavy losses. Due to the strong expectation that the conflict between Russia and Ukraine will disrup...Read more -
Coil market price trend differentiation
Since 2022, the cold and hot-rolled coil market transactions have been flat, and steel traders have accelerated their shipments, and they are generally cautious about the market outlook. On January 20, Li Zhongshuang, general manager of Shanghai Ruikun Metal Materials Co., Ltd., said in an interv...Read more -
Iron ore prices may fluctuate down in early 2022
In 2021, iron ore prices will be ups and downs, and the price fluctuations will exceed the expectations of many operators. Industry insiders said that the turbulent operation of the iron ore market may become a norm. The iron ore market will fluctuate in 2021 At the beginning of 2021, during the ...Read more -
Central Bank of China: Increasing support for direct financing to promote green transformation and low-carbon development of steel companies
On November 19, the People’s Bank of China issued a report on the implementation of China’s monetary policy for the third quarter of 2021 (hereinafter referred to as the “report”). According to the report, the steel industry accounts for about 15% of the country’s to...Read more -
In the first ten days of August, the key statistical iron and steel enterprises produced 2.0439 million tons of crude steel per day
According to data from the China Iron and Steel Association, in early August 2021, key statistical iron and steel enterprises produced a total of 20,439,400 tons of crude steel, 18.326 million tons of pig iron, and 19.1582 million tons of steel. Among them, the crude steel daily output was 2.0439...Read more -
Henan plans 8855 post-disaster reconstruction projects with a total investment of more than 600 billion yuan
On August 13, the Henan Provincial Government Information Office held the fifth press conference in the series of “Henan Province Speeds Up Post-disaster Reconstruction”. It was reported at the meeting that as of August 12, 7,283 damaged projects in the affected areas had been counted...Read more -
Production restriction is not relaxed, and the marginal improvement of demand is superimposed, which promotes the continued destocking of inventories
In terms of building materials, Northeast, East China and Northwest China saw little reductions due to equipment overhauls this week, and other regions have increased production to varying degrees. North China and Southwest China have performed more prominently. Among them, North China is due to ...Read more -
Automobile production and sales declined significantly in July, and the risk of “chip shortage” remains
A few days ago, the China Association of Automobile Manufacturers reported that in July 2021, automobile production and sales were 1.863 million and 1.864 million, down 4.1% and 7.5% month-on-month, and down 15.5% and 11.9% year-on-year. Compared with the same period in 2019, output increased by ...Read more -
The cost of independent electric arc furnaces has dropped slightly, and the profit per ton of steel has dropped
The 71 independent electric arc furnace steel plants across the country have an average operating rate of 62.61%, a week-on-week decrease of 3.46%, and a year-on-year decrease of 8.59%; capacity utilization rate is 60.56%, a week-on-month increase of 0.76%, and a year-on-year increase of 3.49%. T...Read more
