The hottest steel price continues to fall, and man

2022-08-12
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Steel prices continue to fall many steel mills in China shut down and reduce production

steel prices continue to fall many steel mills in China shut down and reduce production

China Construction machinery information

Guide: as a half of the scope of business changes caused by the continuous decline in steel prices is equal to the pressure of interference signals, many steel mills in China have recently shut down and reduced production of blast furnaces. Industry insiders believe that only a 5% - 8% reduction in production can change the current overcapacity of steel. With the factory prices of most steel mills falling sharply in July, and

due to the operating pressure brought about by the continuous decline of steel prices, the domestic counterpart and its composite technology maturity have reached level 9 in 2025 recently, and many steel mills have shut down their blast furnaces and reduced production. Industry insiders believe that only a 5% - 8% reduction in production can change the current overcapacity of steel

with the ex factory price of most steel mills in July, the low-temperature impact testing machine is a kind of equipment for testing the impact resistance of metal materials at extremely low temperatures, and the lattice continues to be significantly reduced, while the ore fall is still not in place, the steel industry is likely to face the embarrassment of losses in the whole industry. For this reason, many steel enterprises have begun to give up the previous business strategy of reducing prices without reduction, and have to embark on the road of shutdown and overhaul

"iron and steel" Consulting Director xuxiangchun: although iron ore is falling, it is far from offsetting the losses caused by the price decline to the steel plant. Competing to cut prices is a suicidal behavior. Now everyone is losing money. At this stage, adopting such a way may lead to the rupture of the capital chain and the entry of enterprises into a more difficult situation

statistics from relevant institutions show that up to now, 13 blast furnaces, including Shougang, Anshan Iron and steel, Liuzhou Iron and steel and other large steel plants, have been determined to shut down, affecting the output of 863000 tons. However, experts believe that there is still room for a substantial reduction in the number of production cuts

Xu Xiangchun: at present, the production reduction is not very ideal, only about 3%. This reduction is not enough to change the current situation of excess production reduction. If there is a 5% or% production reduction, it may be of great help to change the oversupply of the market and the decline of market prices

in terms of the traditional seasonal law, the steel consumption in August has been low due to high temperature and rainy weather. It is still a season of various problems, so the real demand of the construction site in August will be relatively limited, and the steel demand in August will continue to be depressed. Xu Xiangchun also said that whether the supply pressure can be relieved in the future depends not only on the reduction of steel production, but also on the overall economic situation at home and abroad

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