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Created on:2021-09-17 11:45

The price of steel soared by 50%!

According to a CCTV financial report, as of September 15, the main price of futures rebar was 5,495 yuan per ton, a year-on-year increase of nearly two thousand yuan per ton, an increase of more than 50%, which is at the highest level in the past ten years. In a steel trading company in Taicang, Jiangsu, dozens of trucks are parked. The person in charge of the company introduced that in the past, the daily shipment volume of processed steel here was more than 100 vehicles, but recently the shipment volume has been reduced by more than 30%, and many truck drivers have no work to do. In the past, September and October were the peak season for steel trading, but this year is very deserted. According to industry insiders, most downstream companies are currently in a wait-and-see mood, not daring to take new orders, and will only buy as they use them, and the demand for steel has dropped sharply.

In the first half of the year, the National Development and Reform Commission and the Ministry of Industry and Information Technology pointed out that the two ministries and commissions will focus on inspections to resolve excess steel production capacity and ensure a year-on-year decline in national crude steel production in 2021. .

According to industry insiders, iron ore prices fell by more than 40% in two months due to steel mills generally starting to restrict production. At present, the profit situation of steel mills is very impressive. The profit of blast furnace steelmaking enterprises is more than 800 yuan per ton, and the profit of electric furnace steelmaking enterprises is also more than 500 yuan per ton. At the moment when it is difficult for downstream steel companies to make profits, the two sides are in a state of game. The future trend of steel prices still depends on the new orders signed by downstream companies and changes in demand.