The current support is still weak for the entire ductile iron manhole cover price
According to new data from the China Iron and Steel Association, the average daily output of crude steel in early May was 1.943 million tons, an increase of 1.74%; the average daily output of member companies in early May was 1.943 million tons, an increase of 1.74%. As of the end of this season, steel companies' steel stocks were 13.61 million tons, an increase of 9.4%. Although the overall performance of the market price this month has improved compared to the previous one, the slow-moving situation has rarely occurred.
However, returning to demand, the demand for end-use steel such as construction sites, downstream processing plants and other environmentally-friendly factors restrict the demand support for the entire ductile iron manhole cover price. Therefore, it is not actually an increase in output but a decrease in demand. The illusion of increased production. In June, the south ushered in the rainy season, and many places have entered high-temperature periods one after another, and there are fewer outbreaks of demand. Whether steel prices can be firm is a big test.
However, under the influence of the recent Qingdao Shanghe Summit, the surrounding cities have restricted production to varying degrees, and it is unknown whether the steel companies or the hype. Judging from the annual trend of demand, the high value of demand in that year generally appeared in April and then began to decrease, or the high point of demand appeared again in September and October; under the current supply and demand structure of "you come and go", both It is not enough to constitute a sharp rise in prices or a decline in cliffs, so it is believed that the performance of steel price shocks will continue in the longer term.