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First, the overall price of steel in the “v†shape was affected by the double-section. In January, the domestic steel market demand weakened, the inventory increased, and the steel price declined. In February, the market demand did not increase significantly, and the steel price continued to decline. CSPI The comprehensive price index fell to 118.47 points; in March, due to the rebound in seasonal demand, steel prices rose slightly, and the CSPI composite price index once rose to 121.18 points. In April, steel price increases decreased, and the CSPI composite price index reached 121.19 points. Second, the price of steel products of major varieties fluctuated slightly compared with the weather. In March, infrastructure construction in various places successively entered the construction season. Demand for construction steel such as rebar and wire rods recovered, and downstream industries such as general equipment manufacturing industry saw a slight increase, driving steel. The market rebounded; domestic crude steel output increased at a low rate in March, export steel increased sharply, slowing domestic market supply pressure; steel stocks fell by 5.55%, market confidence increased; monetary policy was loose, market liquidity improved, and promotion The steel market is circulating, driving the end demand for steel. Many favorable factors have led to a slight increase in steel prices. As of the end of April, the long product price index rose by 0.03 points to 125.88 points; the plate price index fell by 0.03 points to reach 118.79 points. Affected by the recent increase in steel mill output and the change in supply and demand, the price indices of high-strength, rebar and angle steel in long products fell by 0.03, 0.43 and 0.11 respectively. The price index of cold rolled sheet in sheet metal decreased by 0.53, the hot rolled coil was flat, and the price indices of medium and heavy plate and galvanized sheet increased by 0.31 and 0.29 respectively. Third, the main factor affecting market prices in the later period is that the moderate and rapid development of the national economy will drive demand for steel to maintain growth. In the first quarter, although the growth rate of national fixed asset investment, total retail sales of consumer goods and total import and export volume declined somewhat compared with the same period of the previous year, it still increased by 20.9%, 14.8% and 7.3% respectively, which was in a reasonable and moderate growth range. The China Manufacturing Purchasing Managers Index PMI has risen for five consecutive months, reaching 53.3% in April. Second, the production of low-speed growth, net exports increased, the contradiction between supply and demand has eased. In the first quarter, the national steel output was 174.22 million tons, a year-on-year increase of 2.5%, and the growth rate slowed down, down 7.2 percentage points from the same period of the previous year. The export of steel was 12.15 million tons, up 15.8% year-on-year, and the imported steel was 3.41 million tons, down 18.4%, equivalent to a net export of 9.19 million tons of crude steel, an increase of 38.3%. Third, the price of major raw materials has risen, which has a supporting effect on the rise in steel prices. In March, the price of imported iron ore land rose for the first time in five consecutive months, rising to 138.97 US dollars / ton, climbing to 151.92 US dollars / ton at the end of April, up 12.90 US dollars / ton, an increase of 9.31%. At the same time, the price of domestic iron fines rose by 12 yuan / ton. The prices of scrap steel, metallurgical coke and coking coal are basically the same. Fourth, the supply of production capacity is too large, and there is limited room for steel prices to rise. From January to April, the domestic crude steel output level showed a monthly increase. In the middle of April, the national crude steel output reached 2.016 million tons, equivalent to the annual level of 735 million tons. According to the statistics of the Iron and Steel Association, as of the end of April, the inventory of five kinds of steel in 22 central cities nationwide was 16.78 million tons, an increase of 8.86%. The release of steel production capacity is too fast, and the inventory is further increased, which will reduce the room for price increases.
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