Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / CITIC Securities Expects Profitability of the Steel Industry to Begin to Recover in the Third Quarter

CITIC Securities Expects Profitability of the Steel Industry to Begin to Recover in the Third Quarter

Aug 1, 2022 10:14

Source:SMM

SHANGHAI, Aug 1 (SMM) - According to the research report of CITIC Securities, with the recovery of the demand side and the production restrictions on steel enterprises, the supply and demand pattern of the steel industry is expected to continue to improve.

SHANGHAI, Aug 1 (SMM) - According to the research report of CITIC Securities, with the recovery of the demand side and the production restrictions on steel enterprises, the supply and demand pattern of the steel industry is expected to continue to improve. At the same time, the supply and demand structure of iron ore at the raw material side is weakened by the reduction of production by steel mills. This will allow the profitability of the steel industry to begin to recover in the third quarter.

Market

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

Nickel Spot Market was Sluggish due to the Pandemic in China

SHFE 2206 nickel contract hovered around 213,800 yuan/mt in early trading.

time

May 6, 2022 11:53

Nickel Spot Market was Sluggish due to the Pandemic in China

$46.6 Billion Spent in the US to Fully Arm the Battery Chain

On May 2, local time, the US Department of Energy announced on its official website that $3.16 billion will be allocated to strengthen the development of the US electric vehicle battery manufacturing industry.

time

May 6, 2022 11:35

$46.6 Billion Spent in the US to Fully Arm the Battery Chain

Outlook for Stainless Steel PMI in May under the Pressure of the Pandemic and the Tight Supply of Raw Materials

At present, the pandemic weakens the consumption, and orders of stainless steel continue to be weak and stable.

time

May 5, 2022 18:08

Outlook for Stainless Steel PMI in May under the Pressure of the Pandemic and the Tight Supply of Raw Materials

Aluminium Profits May Contract on Constantly Rising Cost

According to the Customs, China's cumulative exports of unwrought unalloyed aluminium (aluminium ≥ 99.95%) were 2,291 mt in January-March 2022.

time

Apr 29, 2022 15:03

Aluminium Profits May Contract on Constantly Rising Cost

SMM Forecast for Short-Term Alumina Price Outlook

SHANGHAI, Apr 29 (SMM) - Alumina prices remained flat recently amid a lack of price guidance from large-scale transactions.

time

Apr 29, 2022 10:32

SMM Forecast for Short-Term Alumina Price Outlook

Car Companies Start to Resume Work from COVID-Related Closure as Early as in Mid-April, and Here Is the Most Detailed Progress Up to Now

China Passenger Car Association (CPCA) said on April 26 that despite the impact of raw material price hikes, chip supply shortages, geopolitical instability, contracting subsidies for new energy vehicles and resurging pandemic after Chinese New Year, new energy passenger car sales still achieved a result of 58,000 units in Shanghai in the first quarter of 2022.

time

Apr 28, 2022 09:42

Car Companies Start to Resume Work from COVID-Related Closure as Early as in Mid-April, and Here Is the Most Detailed Progress Up to Now

Weak Purchasing in Terminals Narrowed the Quotation Range of EMM Plants

On April 25, the average price of EMM in the main producing areas in China slightly dropped by 50 yuan/mt to 15,700-16,200 yuan/mt compared with last Friday.

time

Apr 25, 2022 16:53

Weak Purchasing in Terminals Narrowed the Quotation Range of EMM Plants

SMM Evening Comments (Apr 22): Shanghai Nonferrous Metals Closed Mixed on Easing Pandemic in China

Shanghai nonferrous metals closed mixed as the COVID situation in China, especially east China, eased slightly evidenced by falling confirmed cases. The efficiency of transportation picked up fractionally, allowing more spots to circulate in the market. Companies in Shanghai are also preparing to resume work.

time

Apr 22, 2022 19:00

SMM Evening Comments (Apr 22): Shanghai Nonferrous Metals Closed Mixed on Easing Pandemic in China

Magnesium Prices Bottomed Out This Week

Magnesium prices bottomed out this week. Magnesium plants were increasingly inclined to hold the prices firm after magnesium prices dropped for several days. Some downstream players that stood wait-and-see earlier began to purchase on rigid demand, supporting magnesium prices. As of Friday April 22, #90 magnesium ingot were traded at around 75,000 yuan/mt in Fugu city.

time

Apr 22, 2022 15:29

Magnesium Prices Bottomed Out This Week

Analysis of Iron Ore Price Trend in Q2 amid the Intertwining of Long and Short Factors

Recently, the long and short funds intertwined, while prices of iron ore futures fluctuated. Analysis of the main influencing factors is as follows.

time

Apr 21, 2022 17:51

Analysis of Iron Ore Price Trend in Q2 amid the Intertwining of Long and Short Factors

SMM Events & Webinars

Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia
Jun
18
- 2024 ASEAN Automotive Supply Chain
  Jun 18 - 19,2024
  Pattaya,Thailand

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.