Chinese Steel Coil Factories To Limit Production Ahead Of September Military Parade

The US economy is weak overseas, and the Federal Reserve is expected to cut interest rates nearly three times this year. There is a high probability of a rate cut in September. The global economic environment is expected to improve. Production restrictions have been confirmed by major domestic steel mills, but blast furnace production restrictions need to be determined according to weather conditions. Production restrictions and peak season expectations are still in place. We will continue to pay attention to the implementation of anti-involution and the actual performance of production restrictions due to China's military parade in September. This week, the price of galvanized steel coils has fluctuated and increased by 20-40 yuan. With the decline in global iron ore shipments and port inventories, coupled with the decline in iron ore inventories at steel mills, steel mills have increased production to cope with the production cuts caused by the military parade, and the demand for iron ore has increased. At the same time, foreign capital such as JPMorgan Chase is long iron ore, and iron ore futures have risen, and the molten iron remains above 2.4 million tons. The demand for raw materials is relatively resilient. If you happen to have a need for steel coils, please contact us. Our factory mainly exports PPGI, PPGL, GI, and GL.