Due to the contradiction between the statistics of China Steel Association and the daily average crude steel output of the National Bureau of Statistics, CICC revised the steel production data and found that the average daily output in February was 1.775 million tons, corresponding to 85% capacity utilization. . CICC expects the bottleneck output in the peak season to be about 2.1 million tons, and there is still a 12% upside from current production. The probability of a staged supply bottleneck in the peak season has increased. However, demand for the peak season this year will be weaker than in previous years. What the market really expects is the increase in policy relaxation. This optimistic expectation is also reflected in the steel industry chain, which supports the price increase in the short term. If the policy of increasing the relaxation of the policy is not seen in April, the steel price may fall. According to the report of CICC, the rebar price fluctuated upwards last week, and the Shanghai market increased significantly; the price of sheet metal rebounded slightly. Shagang raised the price of rebar and wire in mid-March by 20~50 yuan/ton. Baosteel introduced the ex-factory price in April, and the main products remained unchanged in March. In March, the construction and automobile appliance production will increase, and the steel output will also rise steadily. Further strengthening the cost support, steel prices will go out steadily. Domestic iron ore prices remained stable last week, and imported mines declined slightly. In order to reduce the procurement cost, the northern steel mills still mainly import low-grade imported ore, which has certain impact on domestic mines and imported mines. Construction steel inventories continued to decline slightly last week. As of last Friday, the total inventory of wire rods in 28 major cities monitored by the Steel House website was 1,186,700 tons, a decrease of 46,700 tons from last week; the total inventory of rebar was 5,946,800 tons, a decrease of 135,400 from last weekend. Ton.
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