Home / Metal News / Steel & Iron Ore / [selected SMM Weekly] the price of the steel market returned to the dilemma in August.
[selected SMM Weekly] the price of the steel market returned to the dilemma in August.
Sep 12,2020 10:04CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

"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.

"apply for free access to the SMM metal industry chain database

Catalogue of "SMM Steel Industry chain Weekly report" in this issue

Review of the market this week

Current trend this week

Inventory Review this week

Sort out the big events of the week

Market forecast next week

Scan the QR code and join the SMM Iron and Steel Industry Exchange Group

SMM steel hot rolling special topic: this product service content mainly covers "hot rolled coil, cold rolled, strip" and other plate related information, involving price, news, downstream, analysis, data and business opportunities. The exclusive columns of this product include hot spot analysis (macro and market), steel plant dynamics (price adjustment forecast, overhaul, shutdown, monthly production plan, etc.), downstream weekly report and whole industry chain analysis, all of which are the first originality of Nonferrous net Iron and Steel. Meet the needs of high-end customers. "View details

SMM steel rebar special topic: this product service content mainly covers "rebar, high-speed wire, plate screw" construction steel related information, involving price, news, downstream, analysis, data and business opportunities. The exclusive columns of this product include hot spot analysis (macro and market), steel plant dynamics (price adjustment forecast, overhaul, shutdown, monthly production plan, etc.), downstream weekly report and whole industry chain analysis, all of which are the first originality of Nonferrous net Iron and Steel. Meet the needs of high-end customers. "View details

Steel
weekly reports
hot rolls

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news