The fundamentals are weak, and the steel price is  ...

Steel industry: inventory basically sees the year-on-year high

Inventories continued to rise this week and downstream demand continued to postpone. At present, the downstream demand is slower than that of previous years, resulting in the continued accumulation of steel social inventories. This week, it rose to 1.66 million tons, but the accumulation rate slowed down. From the historical and statistical point of view, this week's inventory basically saw the full year high, spring. Rework will only be late and will not be absent. In the pessimistic expectatio

Australia is an important source of imports for China's coking coal market

Australia's vast land, with a land area of 7.68 million square kilometers and a distance of about 4,000 kilometers from east to west, is a country rich in mineral resources, also known as the "country sitting in the mine car."

Resumption of inventory and steel mills will suppress steel prices

As the demand for terminals picks up, the social stock of rebar has gradually declined, but the inventory and steel mills resumed their work. Although the profit of steel mills has dropped somewhat compared with the previous ones, there is still production power under high profit conditions, supply will still increase; terminal demand rebounds but lacks stability, spot transactions are still not smooth, and the market outlook is cautiously optimistic.

The fundamentals are weak, and the steel price is short-term attention to the support below.

Since May, steel futures have remained volatile. As of yesterday (17th), the main contract of rebar closed at 3,679 yuan / ton, up 0.14% in the day; the main performance of the hot coil was relatively strong, and closed at 3,847 yuan / ton yesterday. The day rose by 1.08%. Analysts pointed out that from the recently released market data and macro data, steel mills are driven by higher profits, production enthusiasm is higher, market supply is increasing, and the real estate market in the downstr