"SMM Steel Industry chain Weekly report" released, the weekly report SMM will select one of the hot topics, prices, market or major changes in the industry chain information released into a document for your reference.

In the twinkling of an eye, in mid-September, the strong expectations of "Jinjiu" failed to materialize as scheduled, but the risk of threatening steel prices began to be released one after another, and the upward space was firmly limited by high inventories, and steel prices were likely to be dominated by weak shocks in the short term. But after all, there is still support under the trend of increasing fundamental supply and demand, and cost support, so the space below spot prices is relatively limited.

Supply side: losses expand and production continues to fall. While the prices of mineral prices and raw materials such as coke remain strong, the risk of downward steel prices is gradually exposed, the profit margins of steel mills continue to be compressed, and the output of blast furnace and electric furnace plants continues to decline. Among them, according to SMM research, due to poor profits, deviation in production enthusiasm of steel mills, and the impact of special reasons such as environmental production restrictions and the relocation of new plant areas, blast furnace steel mills mainly producing building materials produced 8.4548 million tons of screw threads in September, down 4.19 percent from August; and reel production decreased by 2.6925 million tons, down 1.39 percent from the previous month.

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