Operation status of steel market this week

On the supply side, on Friday, the supply of large steel varieties was 9.5919 million tons, an increase of 70400 tons, or 0.7%. The month-on-month growth rate of the five major steel varieties has been relatively stable compared to last week, and the proportion of short-term and long-term process resumption or maintenance/production reduction has reached a relatively stable state. Therefore, the scope of supply increase and decrease is limited.

In terms of inventory, on Friday, the total inventory of major steel varieties was 21.5763 million tons, with a decrease of 787100 tons or 3.52% compared to the previous week. The decrease in total inventory of the five major steel products slightly narrowed on a month-on-month basis, with steel factory inventory decreasing by 3.6% and social inventory decreasing by 3.5% on a month-on-month basis. The trend of destocking continues, but the scope of destocking will gradually shrink.

In terms of consumption, weekly consumption of major varieties increased by 0.2% on Friday; Among them, the consumption of building materials decreased by 0.7% on a month-on-month basis, while the consumption of panels increased by 1.1% on a month-on-month basis. At present, the weekly apparent consumption of the five major varieties is at a good level compared to last month and the same period last year.