Steel market face to face: the fundamental contradictions are prominent, and the board has weakened the price

The steel market face to face online live exchange will be the theme of the plate and belt varieties. This period will be analyzed from the perspective of short-term market trend in their own regional market, the current stock situation in their own regional market, and the current operation and operation sharing of their own market.

Ii. Introduction of the participants

The meeting was chaired by Hao Yu, analyst of the strip Division of Shanghai Steel Alliance E-commerce Co., LTD., and invited Li Shunru, general manager of Tianjin Runze Steel Processing Co., LTD., Jiang Yeli, general manager of Hubei Hualiyuan Metal Materials Co., LTD., and He Hong, general manager of Xinjiang Taihua Steel Co., LTD., to participate in the discussion.

Iii. Review of distinguished guests' wonderful views

Li Shunru, general manager of Tianjin Runze Steel Processing Co., LTD

Inventory: The total inventory of the market where the enterprise is located is on the high side, and the accumulation situation is still continuing. However, the pressure on the enterprise's own inventory is not large, and the standing inventory has been reduced compared with previous years, basically in a state of fast production and fast sales.

Market: Although the steel mills in North China are in a state of loss, there is almost no production reduction action. The overall situation of downstream orders is not good, which also leads to the current market inventory pressure is obviously high, and it is also necessary to pay attention to whether steel mills will reduce production and the US interest rate cut. From the price point of view, the market price is already at a low level, and the risk of continued downward adjustment has diminished.

Jiang Yeli, general manager of Hubei Hualiyuan Metal Materials Co., LTD

Market: The overall deviation of steel fundamentals in July and August, coupled with the impact of new and old national standards to increase market pessimism, the price decline is more obvious. And the current infrastructure real estate has not improved, the increase that manufacturing can drive is limited, and the overall deviation of the demand side is expected. Despite the existence of production reduction is expected, but the overall supply of raw materials is loose, and the production reduction may form a new negative feedback.

Operation: Choose high-quality steel mills and broaden terminal channels, if there is a spot can try to meet high altitude.

He Hong, general manager of Xinjiang Taihua Steel Co., LTD

Inventory: The overall inventory in Xinjiang is in a stable state, and the overall inventory is small

Market: The current poor demand is still the contradiction between supply and demand. The production of steel mills is still maintaining the state of high capacity utilization. On the demand side, the terminal operating rate is already less than 50%, and if exports fall in the second half of the year, the contradiction will be further prominent. Steel mills do not reduce production coupled with social inventory accumulation, prices will continue to maintain a downward trend.