candycrushgameapp| Everything rises! Is the steel market rapidly entering summer?

On 14 May, the US side released the results of the four-year review of the 301 tariff on China, announcing that it would further increase the tariff on iron and steel products imported from China on the basis of the original 301 tariff. China's steel industry firmly opposes the politicization and instrumentalization of steel trade by the United States.

The WTO has long ruled that tariff 301 violates WTO rules. Instead of correcting it, the US side has further raised tariffs. The non-market-oriented behavior of the United States distorts the global steel trade order, which is not conducive to the healthy development of the global steel industry. China's steel industry urges the United States to abandon the politicization of steel trade issues and carry out cooperation that is really conducive to industrial development.

This is the game of great powers, this is tit-for-tat, which also representsCandycrushgameappOur resolute attitude. The conclusion is that the domestic steel price capital market suddenly rose today, which in turn led to a collective price rise in the steel market, because we have the strength.Candycrushgameapp! As the saying goes, the brave will win when they meet on a narrow road, and they must have the courage to "show their swords". This is also the confidence of resolute opposition.

We have made positive efforts and contributions to the global carbon peak, and only the implementation of measures such as customs, shutdown, transformation and upgrading of the iron and steel industry have made great contributions to the world. We have sacrificed GDP, employment, economic development and people's well-being to jointly promote the green transformation of the world.

China's iron and steel industry has always been focused on meeting domestic demand, constantly pursuing technological progress and green transformation, injecting new momentum into the global iron and steel industry, upstream and downstream industries. China's iron and steel industry leads the world in plant design concept, technological process, technical level, manufacturing capacity, product quality, energy consumption and so on.

Chinese iron and steel enterprises have spent a lot of money on ultra-low emission transformation projects in accordance with the world's most stringent environmental protection standards. at present, more than 900 million tons of capacity have been carried out for ultra-low emission transformation, of which 4. 4%Candycrushgameapp. 500 million tons have completed the transformation of ultra-low emissions in the whole process, and efforts are being made to promote green and low-carbon production.

Let's go back to the steel industry, and the raw material end is stronger again. News that China is considering letting local governments buy unsold stocks of housing has boosted market sentiment and improved demand prospects. Singapore iron ore futures also rose. We believe that this year's peak in demand will last from late April to the end of May, supporting iron ore prices, supported by a weak dollar, but thin steel profits could prevent prices from rising sharply.

The production of coke enterprises is stable, and with the repair of profits, the production enthusiasm of most coke enterprises is also improved, and the supply of coke resources increases, while some downstream steel mills begin to control procurement, coke enterprises are mainly active shipments, and the overall inventory in the plant is still running at a low level. superimposed raw coal market weakens, bidding is on a large scale, coke enterprises have a strong wait-and-see mood. But the market is rising, currently holding a lot of stability.

CPI in the United States rose by 3% year on year.Candycrushgameapp.4%, as expected. Traders have increased their bets on the Fed's rate cut and expect the Fed to cut interest rates faster in 2024; the National Development and Reform Commission will promote the construction of indemnificatory housing, speed up the construction of a new model for real estate development, and interest rates on first home loans in many places in the country are about to be cut, stimulating the real estate market and benefiting the steel market.

Spot end prices rise and fall steadily, intraday many products rise, turnover has improved, but the market wait-and-see mood still exists. At present, steel is in the channel of going to the warehouse, coupled with the fact that it is difficult for steel prices to continue to fall under the stimulation of favorable policies, so we will continue to pay attention to the changes in the inventory-to-sales ratio.

The mainstream spot market is stable and strong. Statistics from this week show that although rebar production has increased slightly, it is still at the low level in nearly five years, inventory continues to decline, table needs to increase month-on-month, the data is good for steel price trend.

At the same time, a sudden small composition, the early start-up rate of less than 30% to stop work, it is rumored that all open to continue to start, real estate continues to release substantial positive, favorable demand for steel. While the periodic bottoming rebound, waiting for macro better than expected positive confirmation, the early replenishment of the merchants suggested in the rebound in batches to cash in profits, while rising out, no inventory merchants replenish the right amount according to demand.

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