A total of 16 blast furnaces in 12 steel mills are expected to resume production within December

Date: 2021-11-30

A total of 16 blast furnaces in 12 steel mills are expected to resume production within December According to the survey, a total of 16 blast furnaces in 12 steel mills are expected to resume production in December (mainly in the middle and late ten days), and it is estimated that the average daily output of molten iron will increase by about 37,000 tons. Affected by the heating season and temporary production restriction policies, the output of steel mills is expected to be still operating at a low level this week. Due to the rebound in raw material and fuel prices, speculative demand was active last week, but the demand for steel in the off-season is difficult to continue to improve, and the transaction volume has been weak recently. In addition, the emergence of Omi Keron strains of the new crown mutant virus in some countries has triggered panic selling in the international financial market and has also disturbed the domestic market. In the short term, the supply and demand of the steel market are weak, and the mentality is cautious, and steel prices may be adjusted within a narrow range. Post time: Nov-30-2021

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