In terms of iron ore, as of April 2, the domestic major port stocks were 186.65 million tons, a decrease of 7.6 million tons from the end of February. After March, it slowed down and the stocks continued to fall. Experts said that the domestic supply of iron ore is currently mainly satisfied by consumption of inventories. If inventory cannot be restored, iron ore prices will face rising risks. The epidemic affects the normal shipments of foreign mines, and the shipments of Brazil and Australia in the first quarter are relatively low. It is expected that the iron ore arrival volume will be relatively low in April, but the iron ore arrival volume will return to normal after May. However, with the gradual recovery of the blast furnace operation rate of steel mills, including the end of the heating season in Hebei, the steel mills will continue to replenish warehouses, and iron ore demand is still relatively good. At present, the inventory of imported iron ore ports has fallen below 120 million tons, which deserves attention. Affected by the sharp decline in oil prices and the sharp depreciation of the Australian dollar exchange rate, the future iron ore market prices are still facing greater pressure. It is expected that the iron ore prices in the second quarter will be mainly oscillating.

"After the Spring Festival, the recovery of coke production capacity is significantly faster than that of steel companies, and prices have fallen sharply since March. With the recovery of production capacity of steel companies, the contradiction between supply and demand will be eased in April." Experts said that the coking coal inventory of coking companies is at a low level. As of April 2, the total amount of coking coal inventories monitored by the agency's 100 independent coking enterprises was 5.683 million tons, a decrease of 25.75% from the 7.654 million tons before the holiday, and a decrease of 22.01% from the average inventory in 2019. The coke market fell, and coke companies should remain cautious about coking coal purchases.

In fact, domestic steel mills have significantly reduced their scrap consumption since this year. Experts said that since February this year, affected by the epidemic, steel mills have generally reduced the amount of scrap steel.

Statistics show that from January to February this year, the total consumption of scrap steel nationwide was 26.84 million tons, a year-on-year decrease of 2.49 million tons, a decrease of 8.5%; the comprehensive unit consumption of scrap steel was 173.5 kg / ton, a decrease of 11.5% year-on-year, of which the unit consumption of converter scrap was 136.3 kg / ton, far below the 2018 level, down 10.9% year-on-year. Experts said that in the first quarter, domestic steel mills have significantly reduced their scrap consumption. With the improvement of the domestic epidemic situation and scrap recyclers returning to the market after mid-March, the supply of scrap resources has gradually increased. After the end of March, the overall scrap price has accelerated and has fallen. Below the hot metal cost line, the price advantage of scrap steel gradually manifests.