Domestic steel enterprises are facing a new round of production reduction due to serious overcapacity of iron and steel. Wei Jie, a professor at the school of economics and management of Tsinghua University, said that domestic steel enterprises are facing a new round of production reduction when referring to the new material industry when interpreting the proposal of the "1035" plan. Introduction: the China Iron and Steel Industry Association recently held a joint meeting of presidents in Beijing, Study the countermeasures to improve the overall effectiveness of supply chain services due to the continuous decline of the steel market (as of last week, the steel price has fallen for five consecutive weeks). The important topic of this meeting is to control production. The existence of these problems makes China's plastic machinery industry unable to meet the level of foreign plastic machinery as soon as possible and whether to expand the scale of production reduction. Insiders said that in the situation of insufficient demand and overcapacity
the China Iron and Steel Industry Association recently held a joint meeting of presidents in Beijing to study the Countermeasures for the continuous decline of the steel market (as of last week, the steel price has fallen for five consecutive weeks). The important topics of this meeting are to control the release of production capacity and whether to expand the scale of production reduction. Insiders said that in the case of insufficient demand and overcapacity, steel enterprises will usher in a new round of production reduction cycle again
in February, steel exports fell to the lowest level since 2006, while the daily output of crude steel reached the highest level since August 2008, and the contradiction of overcapacity in the steel market further intensified. According to the data released by the General Administration of Customs on the 15th, China's steel exports fell 62% year-on-year and 18% month on month in February. According to the data released by China Steel Association, the average daily output of crude steel in China increased by 8.1% month on month in February, the highest level since August 2008
one reduction and one increase has increased the problem of overcapacity in China's steel industry. With the continuous increase of inventory, it will directly lead to the decline of steel price relying on this technology. It is reported that the April price policy issued by WISCO on March 6 lowered the sales prices of wire rod, hot rolled, cold rolled, galvanized, silicon steel and other varieties. Baosteel's April price policy released on March 3 also lowered the prices of hot-rolled, cold-rolled and galvanized products. Zhangxiaogang, general manager of Angang Group, said that the price of Angang Steel in April will undoubtedly be reduced
the head of CISA said that at present, steel prices are dominated by the market. The association cannot let any enterprise produce less or produce more, and it is difficult to implement joint production reduction. "Controlling the release of production capacity and further limiting production are the most discussed topics. The meeting cannot make a unified decision, but the operating conditions of most enterprises are similar, and it is reasonable for enterprises to control production according to their own conditions."