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Chinese Steel Price Is Expected To Continue To Go Up In The Second Half Of 2018
Aug 14, 2018


微信图片_20180509172254.jpgIn the first half of 2018, China's charge material market showed a weak and strong operating trend. After entering March, the prices of scrap, iron ore, billet and other raw materials fell sharply due to the fall in steel prices. Subsequently, the demand for steel terminals was gradually released, and the imbalance between supply and demand improved. Steel mills' profitability improved, and the enthusiasm for purchasing raw materials gradually recovered. The prices of raw materials such as scrap steel have gradually begun to fluctuate and rebound.

    According to statistics, in the first half of 2018, the country's cumulative crude steel output was 451.16 million tons, a year-on-year increase of 6%. In June, crude steel output was 80.2 million tons, an increase of 7.5%. The average daily output of crude steel in June was 2.673 million tons, up 2.15% from the previous month. Crude steel production continues to climb. In the case of a relatively lucrative steel profit, the production enthusiasm of steel mills will remain high in the second half of the year.

    In the first half of this year, China's economy was stable and the GDP grew by 6.8% year-on-year. In the first half of the year, China's fixed asset investment increased by 6%, infrastructure investment increased by 7.3%, and real estate development investment increased by 9.7%. Although the investment growth rate has dropped slightly, there is still significant growth, which has led to a smooth release of steel demand. In the second half of the year, some compliance projects will speed up the progress, and infrastructure investment will continue to be stable. In addition, the modest increase in ship orders will drive the release of steel demand in the second half of the year. Coupled with the promotion of sheds and the construction of related projects, the demand for steel terminals in the second half of the year will remain stable, steel prices are expected to continue to rise, and raw material prices are expected to rise.

In the second half of the year, environmental protection and production restrictions in key steel producing areas such as Tangshan and Wu'an continued to strengthen. Since July 20, Tangshan City has started a 43-day emission reduction and limited production. Wu'an Steel Enterprise's high-grade production limit is 15% in the second quarter. 20% rose to 25% to 35% in the third quarter. National blue sky defense warfare, heating season and limited production will have a certain boost to steel prices.


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    Add:Fl19th,Huameng Business Plaza, No.2 Chezhan Road, Lucheng District, Wenzhou, Zhejiang Prov
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