The latest steel market supply and demand situation

The latest steel market supply and demand situation On the supply side, according to the survey, the output of large-variety steel products this Friday was 8,909,100 tons, a week-on-week decrease of 61,600 tons. Among them, the output of rebar and wire rod was 2.7721 million tons and 1.3489 million tons, an increase of 50,400 tons and 54,300 tons respectively on a week-on-month basis; the output of hot-rolled coils and cold-rolled coils was 2,806,300 tons and 735,800 tons, respectively, a week-on-month decrease of 11.29 tons. 10,000 tons and 59,300 tons. Demand side: The apparent consumption of large varieties of steel products this Friday was 9,787,600 tons, an increase of 243,400 tons on a week-on-week basis. Among them, the apparent consumption of rebar and wire rod was 3.4262 million tons and 1.4965 million tons, an increase of 244,800 tons and 113,600 tons respectively on a week-on-week basis; the apparent consumption of hot-rolled coils and cold-rolled coils was 2,841,600 tons and 750,800 tons. , The week-on-week decrease was 98,800 tons and 42,100 tons respectively. In terms of inventory: this week’s total steel inventory was 15.083,700 tons, a week-on-week decrease of 878,500 tons. Among them, the stock of steel mills was 512,400 tons, which was a decrease of 489,500 tons on a week-on-week basis; the social stock of steel was 9,962,300 tons, which was a decrease of 389,900 tons on a week-on-week basis. At present, the steel mills have little effort to resume production, and there is still resistance to the rebound of raw material and fuel prices. The off-season effect of the plate market appears, showing a weak situation of supply and demand. The supply and demand of the building materials market has picked up, and there is a phenomenon of rushing work at the southern downstream construction sites, but the demand is not stable, and the north material will face downward pressure in the later period. In the short term, there is still support for steel prices, but demand is expected to weaken in the off-season, and merchants are willing to reduce winter storage costs. Steel prices are also subject to obstacles, and steel prices may fluctuate in a range. Post time: Dec-03-2021