Steel market supply and demand are weak and rebar prices are under pressure
On December 6, the price of 20mmHRB400 rebar in 25 major cities across the country was 4,028 yuan / ton, down 32 yuan / ton from the previous trading day. The main futures contract of snails closed at 3437, an increase of 0.23% over the previous trading day.
Green investment in steel companies will continue to increase
A few days ago, the 2019 (eighth) China Iron and Steel Technology and Economy High-end Forum with the theme of "Technology and Efficiency Management, Cost Reduction-New Economy Boosts High-quality Development" was held in Beijing.
Promote the high-quality development of the scrap steel industry from various aspects
There are still three aspects of the scrap industry that need attention
Although the amount of scrap steel resources is increasing rapidly, there are still many problems in resource utilization.
Scrap resource structure changes, output will increase significantly
According to the statistics of the Scrap Steel Association, the total output of scrap steel resources in China in 2019 is 240 million tons, an increase of more than 20 million tons year-on-year, an increase of 9%.
China Iron and Steel Association: China's iron ore price index changed from falling to rising in November and will fluctuate slightly in the later period
In November, driven by the tight expectations of long products, steel prices in the domestic market showed a clear upward trend, steel production also increased, the intensity of demand for iron ore rose, and prices rose from falling to rising.
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