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China's steel stocks reached a record high of 2004 tons
According to statistics, as of the previous day, the inventory of four major steel products in 29 key cities in China reached 2004 million tons, a record high. According to the latest data of China Steel Association, the average daily output of crude steel in China exceeded 1.82 million tons in February, reaching 1.912 million tons in late February, reaching a record high. At present, China's daily crude steel output is more than 120,000-150,000 tons per day compared with the same period of last year. It is about 4 million tons per month. The output has increased sharply in the short term, and the demand has not yet fully started, resulting in a new inventory of 2004 million tons. appear. Inventories in Beijing have risen for four consecutive weeks, and steel prices have fallen to the bottom. Steel traders believe that the recent market has been affected by real estate regulation and control policies. Yan Fei, chairman of Beijing Jindayu Trading Co., Ltd., said that his steel supply to a number of construction sites, with the introduction of more stringent real estate control policies, has affected the construction site and steel demand. Han Weidong, former director of the Hebei Iron and Steel Market Management Department, said, “With the suspension of Shougang, Beijing will reduce the supply of 250,000 tons of building materials in one month.†At present, no steel company can fill the vacancy left by Shougang. “As long as demand starts in Beijing this year, there may still be a shortage of steel.†Domestic steel inventories rose again to a record high. China Steel Network believes that this is mainly due to the impact of real estate regulation policies, the downstream demand of the steel industry is reduced, and steel after the year The output of the factory has increased. In the case of imbalance between supply and demand, the steel market has experienced upside down for a period of time. It is expected that the steel market will continue to maintain the current imbalance between supply and demand before the end of March, and steel traders will throw a large amount of goods. It is also a performance that is not optimistic about the steel market.