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Steel industry: fundamentals continue to improve

Jun 20, 2018

 Steel stocks accelerated to go, the industry is basically facing good, steel mills have no worries. Steel stocks continued to decline this week. The five major steel banks and warehouses totaled 142.886 million tons, a decrease of 633,800 tons from the previous week. The inventory deceleration was much higher than the level of the same period of previous years, and the inventory level was lower than the same period of previous years. Some steel products have been out of stock. Smooth shipments from steel mills, strong downstream demand, continued improvement in the fundamentals of the industry, and high prices of steel products. At the same time, relative to iron ore, after supply-side reforms, the supply and demand relationship of steel products in China is more reasonable than in the upper reaches, and the ratio of materials to ore continues to climb. As of June 15, the spiral mine ratio has reached 8.23. At present, the high profit of steel mills has continued for more than a month. In the second quarter, the simulated gross profit increased month-on-month, and the profits of steel mills have no worries.

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