On June 22, local time, Kusari, a member of the National Security Committee of the Iranian Parliament, said that the Iranian Parliament has concluded that the Strait of Hormuz should be closed, but the final decision is in the hands of the Iranian Supreme National Security Committee; the resumption of steel production increased last week. 01#
According to the average daily output of the rolling mill, the output affected by maintenance and resumption of production is 92,900 tons. It is estimated that the maintenance and resumption of production this week will affect the production line output by 25,700 tons, and the production of construction steel is expected to increase by 67,300 tons this week.
New Steel Group has successfully developed alloy tool steel XGD6A cold-rolled wide steel strip, filling the gap in domestic cold-rolled wide steel strip production, marking that New Steel has become the only domestic steel company that can achieve “integrating the full process of hot rolling, pickling, cold rolling and annealing of wide alloy tool steel”. After successively breaking through the common problems in the industry such as high dimensional accuracy requirements, complex process technology, and difficult production control, New Steel Group successfully developed 1.32×1100 mm alloy tool steel XGD6A cold-rolled wide steel strip on May 27.
Entering June, the seasonal demand for terminal steel products is weak, and the black industrial chain is under pressure as a whole. Due to the loose supply, the price of pit-mouth coking coal continues to fall. Although the price of coke has fallen in resonance, coke companies are still profitable. As the blast furnace operation of steel mills declines, steel mills will continue to suppress coke prices to make profits. As of June 18, the mainstream transaction price of Shanxi quasi-first-grade dry-quenched metallurgical coke was 1245-1315 yuan/ton, down 75 yuan/ton from the beginning of the month, and a cumulative decrease of 185 yuan/ton, a decrease of 12.63%. Recently, steel mills have expected to start the fourth round of price increases and decreases for coke, with an estimated range of 50-55 yuan/ton. In the later period, with the increase in production cuts at pit-mouth coal mines, coking coal prices show signs of gradually stabilizing. Recently, due to environmental protection, shipment pressure and profit shrinkage, coking plants have also seen an increase in production cuts. Under the trend of supply contraction, the loose supply and demand situation of coke will be controlled. It is expected that after the fourth round of price cuts, the coke market may have a chance to enter a game.
