Nearly 80% of steel loss, intensification of the contradictions of market supply and demand, the steel market for nearly a year "bear market" pattern, the biggest monthly decline in steel prices hit this year in July, under extreme pressure, domestic steel mills to maintenance cut in early August The intensity of the coded signs.
 
This year, the domestic crude steel production continued high market supply and demand continue to intensify. In July, the steel market supply and demand suddenly focus on the outbreak, most varieties of steel spot prices hit the biggest monthly decline this year.
 
The end of July, the domestic steel price index was 136.1 points, the ring last month fell 8.02 percent, down 22.73 percent compared to same period last year.
 
According to the statistics of price data show that, end of July, the country's 24 major markets 20mm two rebar average market price of 3700 yuan / ton, compared with the end of June, down 389 yuan / ton; 24 market 6.5mm line average market The price is 3765 yuan / ton, down 345 yuan / ton compared to the end of June. Among them, Taiyuan market rebar monthly decline even as high as 570 yuan / ton.
 
It is reported that the steel prices dropped sharply in September and October last year since, except for a single month, there have been a brief rally, most of the time, mostly for Yindie state, namely, the Steel City round Yindie trend that lasted almost a year, the emergence of steel market history, the longest bear market cycle.
 
In addition, on August 3 survey data show that 163 mills under investigation, 76.9% at a loss.
 
According to the China Iron and Steel Association statistics, in the first half of this year, the domestic key steel enterprises realized a total profit of 2.385 billion yuan, representing a substantial decrease of 54.549 billion yuan, a decrease of 95.81%; enterprises suffered losses totaling 14.248 billion yuan, the loss of 33.75%. Sales profit rate of 3.06% in the same period last year, down only 0.13%.
Accelerate the decline of steel prices, steel mills greatly increased earnings pressure, the domestic part of the steel plant began in late July announced the overhaul of production.
 
Cut the intensity of "force" case, the steel prices in short-term stabilized after to continue Powei. The data show that, because of the positive part of the steel mills maintenance expectations, and oversold bounce demand, steel prices fell sharply after the Shanghai market 20mm two steel prices in the last three trading days in July, 60 yuan / t the cumulative rebound margin, but then the downtrend is not changed.
 
According to the latest survey data show that in August 3rd, in the most intensive of BF Tangshan region, the local 145 blast furnace (covering more than 90% of the blast furnace in Tangshan), maintenance, about 20 volume of approximately 11910m ? blast furnace operating rate of about 86.2%, and there are about 6 blast furnace for scheduled maintenance.
Historical survey data show that the Tangshan area, blast furnace operating rate in the July 20, July 27 statistics were 96.5%, 90.34%, Tangshan steel plant blast furnace in the operating rate declined for three weeks.
 
In addition, as of August 3, 63 steel production line in Tangshan region, 23 in the repair capacity utilization rate of 63.5%, fell by 6.3% compared with the July 27 survey data; local channel production line operating at only 35 %.
 
According to the survey data also show that in August 3, in 163 steel 395 BF (total volume of 424,531 cubic meters), the maintenance of steel 45, the overhaul of blast furnace 58, the total volume of 41,015 cubic meters affect the average daily iron Aquatic about 104,800 tons, taking into account the limited production situation of other steel mills, affecting daily hot metal production of 145,900 tons.
 
New favorable policies and a monthly report that, downstream Steel City, the short term there is still space, but steel production efforts, the early positive effects of policies to further show, steel city in late August is expected to stabilize, do not rule out some areas, some oversold varieties appear to stabilize or even the possibility of a slight rebound.



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