The amount of molten iron in steel plants decreased by 220,400 tons year-on-year.

Release time:

2024-04-11

The negative feedback in the steel market continues, raw materials continue to lead the market decline, and the overall performance is poor. At present, the market is still in a weak and volatile state, and it is not suitable for stock replenishment operations until the price has clearly stopped falling. Overall, it maintains low inventory operation for just needs, so watch more and move less.

According to statistics, the blast furnace operating rate of 247 steel plants was 76.6%, a decrease of 0.30% from last week, and a decrease of 7.27% from last year; the profitability of steel plants was 28.57%, an increase of 5.63 from the previous month, and a decrease of 30.30% from the same period last year; the average daily hot metal production was 2.2131 million tons, a decrease from the previous year. 0.08 million tons, a year-on-year decrease of 220,400 tons.
Analyst opinion: The negative feedback in the steel market continues, raw materials continue to lead the market decline, and the overall performance is poor. At present, the market is still in a weak and volatile state, and it is not suitable for stock replenishment operations until the price has clearly stopped falling. Overall, it maintains low inventory operation for just needs, so watch more and move less.

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