Domestic iron ore prices showed a wave of phased rebounds before and after the National Day holiday. It is understood that the current ore price in the northeast market has risen by 10 to 30 yuan / ton, the purchase price of iron powder in Liaoning Linggang has been raised by 30 yuan / ton, while the price of iron ore in Tangshan, Shanxi and other places has risen with the price of steel slab. It also rose by 20 to 40 yuan / ton.
At the autumn seminar of the Chinese steel industry held recently, many experts said that relative to the downstream, the iron ore production growth rate is low, the port replenishment pressure is large, and the later price may be more likely to be 'easy to rise and fall'. Song Yechun, senior analyst of China United Steel Network, concluded that 'the raw iron ore is affected by demand, and the relative downstream performance is easy to rise and fall; but the steel price is following the international environment, showing that it is easy to fall and rise. '
Although steel mills are generally in a state of small profits, they have no active production cuts. Fubao Information Steel analyst Liu Fei told reporters that at present, there are 114 133 line screw rolling mills in Jinyu area, with a working rate of 85.7%, and 23 out of 96 strip steel production lines, with a working rate of 76%. Song Yechun told reporters that the blast furnace operating rate in North China is as high as 90.7%. Even if the profit is little or even slightly lost, the steel mills will still choose to continue production, especially large and medium-sized state-owned enterprises.
In September, the inventory of major varieties in the steel market continued to increase, and the supply pressure became more apparent in the case of weak downstream demand. According to the China Iron and Steel Association, the daily output of crude steel of key enterprises in the middle of September was 1,621,700 tons, and the national estimated daily output was 1,918,600 tons. Although the chain ratio decreased, the total inventory has increased for five consecutive weeks.
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