BRIEFING (May 19, 2023): Major Viewpoints

22 May 2023
BRIEFING (May 19, 2023): Major Viewpoints

          Thursday this week, the domestic spot steel prices increased as a whole.

          Thes price of construction steel increased by 50-90 yuan/ton, the prices of plate increased by 10-50 yuan/ton in most markets, the prices of HRC increased by 10-80 yuan/ton, and the prices of CRC increased by 20-30 yuan/ton in some markets.

           In terms of stainless steel, the prices of 304 series stainless steel decreased by 150-300 yuan/ton; The prices of 201 series stainless steel decreased by 50 yuan/ton; The prices of 430 series stainless steel remains stable.

          About Inventory: This week, the total domestic steel inventories were 20.9581 million tons, a decrease of 1.0118 tons compared to last week. Among them, the markets inventory decreased by 484,800 tons and steel mills inventory decreased by 527,000 tons.

          About Production: This week, the BF operating rate of domestic steel mills' was 90.89%, an increase of 0.72 percentage points, while the EAF operating rate was 55.44%, a decrease of 2.72 percentage points.


Source : [SteelHome]

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