China's steel blast furnace operating rate drops

Incomplete statistics show that the operating rate of blast furnace in Hebei Province is 78%, with a decrease of 1.23 percentage points per week and 2.05 percentage points per month. At the same time, this week, 22 domestic steel plants were overhauled, affecting about 300000 tons of hot metal. In April, about 31 steel plants had overhauls or overhaul plans, which are expected to affect 850000 tons of hot metal. At the same time, the environmental protection production restriction continued to be tightened. At present, Tangshan's production restriction policy has been implemented vigorously, and it can not be ruled out that the production restriction area will be further expanded in May.

To sum up, the steel price continued to rise, the futures steel continued to close up today, the spot part increased, the market purchasing enthusiasm weakened today, the wait-and-see sentiment picked up slightly, and the increase rate of business quotation was limited. Attention to the recent market "export tax rebate" follow-up impact and market speculation sentiment, steel prices are expected to rise steadily tomorrow.

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