Many steel plants received production restriction notice! 30 steel plants jointly rose by 250! Billet rose another 50! Period steel broke 4900! How long will steel prices continue to rise?

News: according to the latest news, due to environmental protection and other reasons during the Winter Olympics, several steel plants in Anyang, Xinyang and Pingdingshan, Henan Province, received a temporary production restriction notice which began to implement at 18:00 February 9. Graphite electrode for EAF furnace strictly meet national quality standard. The production limit of some plants were expected to end in the middle of this month, while others would be postponed to the middle of March due to their own reasons. This time, the implementation was relatively strong. Some steel plants had all furnaces stopped, and some steel plants could only open one blast furnace. On the afternoon of February 7, Qinhuangdao steel plants also received a notice of temporary production restriction and tightening. On the basis of the original production restriction, the sintering machines of the steel plants in the region would be shut down, which would be implemented at 18:00 on February 7. It was expected to be shut down for 4 days. In addition, market participants believe that the carbon peak target has changed from "striving to take the lead in achieving the peak of carbon emissions by 2025" to "ensuring the peak of carbon emissions by 2030" in the official document, which leaves room for increasing infrastructure expenditure to stimulate the economy this year.

On February 9, black futures rose strongly, continuing the previous day's "red start".  Unlike the day before, driven by the large-scale rise of power coal, the double cokes rose strongly, breaking the three-month high at one stroke. Among them, coking coal rose by more than 7%, ranking first, and coke futures rose by more than 4%. As of the closing, it successfully stood at the high points of 2400 yuan and 3100 yuan, while the high points of thread and hot coil futures were approaching 5000 yuan and 5100 yuan respectively, continuing to reach the high since the end of October last year, Iron ore futures saw a slight dive in the afternoon, falling slightly from the half year high, and the increase was slightly retrenched. On the second day after the festival, the spot market has not fully recovered, the market quotation is in a state of empty, the market transaction is limited. The domestic steel market price continues to rise, and the steel price in some regions is increased three times a day, with a cumulative increase of more than 150 yuan/ton. In the afternoon, the ex-factory tax of regular billet resources in Qian'an area of Tangshan increased by 20 again, a cumulative increase of 70, at 4670 yuan. The spot price of rebar in North China, East China, South China and Northwest China increased by more than 50 yuan/ton, that in Hebei, Fujian and other places increased by more than 150 yuan/ton, and that in southwest and central China increased slightly by 20-30 yuan/ton.

At present, the current spot rise is still mainly driven by steel plants, and traders have high enthusiasm to follow up. After the festival, the black series futures rose strongly, the spot market prices actively followed, and the market sentiment was optimistic. Although the demand had not been fully started, the raw material prices were high, the steel plants increased intensively, and the steel inventory was low. In addition, the National Development and Reform Commission recently strengthened supervision on the raw material side futures prices, and various rumors in the market disturbed market sentiment. The market is swaying between whether to fulfill the expectations after the festival and the uncertainty brought by industrial policies. Therefore, from the overall market, although many varieties have reached a phased high, they are slightly hesitant. Whether they can really stand firm needs dynamic observation. In the short term, the post-holiday steel market is still in the high running channel, do not exclude some varieties still have space to explore, futures raw materials > finished materials > spot goods, but to be highly vigilant about the impact of changes in industrial policies on the market, once the strength increases, high-to-fall may be staged at any time.

On February 9, the guiding prices of steel plants are mainly rising. China's 15 steel plants raised the ex-factory price of construction steel by 20-200 yuan/ton. The specific price adjustment is as follows, contact us for the latest steel market information. :