Beijing News Shell Financial News (Reporter Zhu Yueyi) On February 18, the steel market ushered in a "good start" after the New Year.
According to the data of Lange Steel Network, on February 18, the billet rose by 80 yuan tons, a total of 100 yuan tons compared with the pre-holiday period. Lange Steel's absolute ** index is 42733 yuan tons, compared with the pre-holiday **138 yuan tons, a month-on-month increase of 032%。
Ge Xin, deputy director of Lange Iron and Steel Research Center, said that the ninth day of the Dragon New Year was started, but the impact of the Spring Festival holiday still exists, and the steel market has not yet fully opened, but since the beginning of the year, all parts of the country have actively planned the layout, and strive to boost the economy, and promote the start of the project and the progress of construction.
According to Ge Xin, judging from the financial data in January 2024, credit and social finance have both shown a "good start", of which the amount of new RMB loans increased slightly year-on-year, and the increase in the scale of social financing also increased year-on-year; The year-on-year growth rate of narrow money showed a trend of "jumping", while the year-on-year growth rate of broad money continued to decline.
On the whole, under the combined influence of factors such as the continuous development of policies, the expected landing of RRR cuts, the impact of the Spring Festival holiday, the obvious weakness of supply and demand, the continuous accumulation of inventory, and the weakening of cost support, Lange & Tengjing Iron and Steel Big Data AI-Assisted Decision-making System**, the domestic steel market in February 2024 will show a continuous collision between expectations and reality.
The past 2023 has not been an easy year for the steel industry.
According to the statistics of the China Iron and Steel Association, in the first three quarters of 2023, the operating income of steel enterprises will be 466 trillion yuan, down 1 percent year-on-year74%；The total profit was 62.1 billion yuan, a year-on-year decrease of 3411%；Sales margin 133%, down 066 percentage points. From the overall situation of supply and demand, the supply of steel is stronger than the demand, the growth of steel exports and the rise in domestic manufacturing steel demand have become the main driving force to support the growth of steel production, and the contraction of steel demand in the construction industry has become the main factor in the reduction of consumption.
How is the industry looking for new increments?
He Wenbo, Secretary of the Party Committee and Executive Chairman of the China Iron and Steel Association, previously proposed that the era of the steel industry relying on cost to win the world has passed, and in the face of challenges, there is only one way to innovate.
The extensive operation in the past is no longer suitable for development, and if iron and steel enterprises want to gain vitality in the wave of industry transformation and reshuffle, they must have a hard time and be prepared to fight a protracted war. Xu Guangyou, deputy general manager of Tianjin Youfa Steel Pipe Group Co., Ltd., believes that the demand of the steel industry has changed from the incremental market to the stock market, and the marginal effect of the market is shrinking.
Edited by Xu Chao.
Proofread by Lucy.