The State Development and Reform Commission official's statement on the "Eleventh Five-Year" emission reduction target ahead of schedule, so that the steel industry suppressed by limited electricity production has a strong expectation of resumption of production. Although the steel mill has not received a clear notice from the local government that the energy conservation and emission reduction work has been completed, the industry estimates that around December 15th, the steel mills that were originally restricted to production will resume production, and the steel price will start. Under pressure.
"At present, we have not received the notice of the end of the power-limited production limit, but in fact the pressure on various enterprises has been much smaller than that in September and October." A private steel enterprise in Hebei Province told reporters. Some places in Hebei have repeatedly issued power-limited and limited-production documents, and once imposed forced pull-outs to restrict production. The reporter learned from local enterprises that the steel mills in most areas of Hebei have resumed work and the pressure on production has eased.
As the North has entered the winter, the terminal demand for construction steel will gradually weaken. Coupled with the gradual end of energy conservation and emission reduction, by December 15th, most steel mills will resume production, and products will arrive in various markets before New Year's Day. The increase in the supply of resources will put pressure on the steel prices that are currently in good shape.
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