Supply side: According to MySteel research, the production of large varieties of steel on Friday was 10.5735 million tons, an increase of 60,000 tons from the previous week.
Demand: Apparent consumption of large varieties of steel on Friday was 12.2729 million tons, an increase of 133,000 tons month-on-week.
Inventory: total steel inventory of 26.2556 million tons this week, a decrease of 1.6994 million tons week on week. Among them, the inventory of steel mills was 7.417,200 tons, 832,900 tons less than that of the previous week; The social stock of steel was 18.83884 million tons, 866,500 tons less than the previous week.
In early April steel market supply and demand for the basic good, steel stocks accelerated decline, the market bullish atmosphere. However, after the rapid rise in steel prices, the recent terminal on-demand procurement, speculative demand reduction, short term steel prices or shocks weak operation.
Vale's Chief Executive Says Iron Ore Is Not In A SupercycleJuly 1, 2022Iron ore is not starting a new supercycle, according to Vale chief executive Eduardo Bartolomeo. In a FinancialTimes interview, the ceo estimates that demand will level off in two years.Bartolomeo say...view
The Influence Of The Newness Of Steel Barrels On The Honey InsideJuly 1, 2022Generally, there are two main processes for us to feed bees, one is supplementary feeding and the other is reward feeding. Especially now, it is autumn. Many of our bee friends are thinking about feed...view
A Guide to barrel capsApril 29, 2024Barrel caps are a crucial component in the winemaking process, ensuring the preservation of wine quality and flavor. From traditional cork caps to innovative screw caps, choosing the right type of cap...view
Sources Said Russia's Proposed Export Tax Would Hurt The IndustryJuly 1, 2022Russia's decision to apply a 15%duty on all major ferrous and non-ferrous metals exports for six months will adversely impact the industry and force Russian steel products from the global market, ...view