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The China Iron and Steel Association announced that in early August, the member units produced a total of 14.13 million tons of crude steel, and the national crude steel production estimate was 17.19 million tons. The daily output was 1.413 million and 1.719 million tons respectively, an increase of 29,000 and 7.7 per month from the end of July. Ten thousand tons. This is the daily output of crude steel reappears after a three-month decline in the chain, and in the three-month month-on-month decline, mainly through maintenance, small steel mills reduce production, etc., the steel mill did not appear on the scale Production cuts.
The rebound in steel market prices from the previous lows was the main reason for the resumption of steel mill production and the recovery of crude steel output. On August 16, Baosteel, Wuhan Iron and Steel and Anshan Iron and Steel, the three major domestic steel giants, unanimously raised the ex-factory price in September. In terms of inventory, the current steel inventory of large and medium-sized steel mills has dropped to around 8.3 million tons, down by about 1.75 million tons from the previous high. Without sales pressure, the ex-factory price has been improved, and the enthusiasm of steel mills has increased. In August, steel production will maintain a general upward trend.
Domestic steel prices rebounded, major steel mills resumed production
Yesterday, the China Iron and Steel Association announced the latest report. In the first ten days of August, the daily output of member units was 1.413 million tons, an increase of 29,000 tons from the end of July. Not only did the domestic steel industry not produce decent production, but steel mills resumed production as steel prices rebounded.