Government production limit policy is still not clear, the Ministry of Industry and Information Technology issued a work plan for the steady growth of the steel industry, claiming that "the supply and demand of the steel industry in 2023 to maintain a dynamic balance", and the horizontal control rules of the local government have not been introduced, and the market expects a weakened control policy this year. Last week, the average daily output of 247 steel mills was 2,455,700 tons of molten iron/day, down 0.05 tons/day week on week, and the production of molten iron within the week ended three consecutive periods of growth. Due to the recent decline in the profitability of steel mills, some steel mills have weakened their enthusiasm for production.

From the perspective of research, there are plans to repair 2 blast furnaces this week, and 5 blast furnaces are planned to resume production, and it is expected that the output of molten iron will increase by 0.3 thousand tons/day this week. In terms of inventory, the total stock of steel last week was 16,432,700 tons, a decrease of 170,600 tons week on week, and the demand for the five major steel varieties increased by 0.93%, and the overall growth was weak.

From the fundamental point of view, MS consumption data continued to pick up last week, slightly stronger than market expectations. On the supply side, production continues to recover, the reality of the raw material end is strong, and the superimposed peak season is expected to increase.

The above content is excerpted from：https://www.wenhua.com.cn/