Reducing production and inventory to maintain stable DNV GL grade B steel price

Steel consumption in peak season is weaker than expected, but downstream demand is expected to remain stable in the later period. The main elastic variables are whether the infrastructure can be accelerated and the recovery of overseas economy. In the case of high steel inventory, the market price of DNV GL grade B steel and so on steel materials is difficult to rise significantly.

Iron and steel production and trade enterprises should pay attention to control the production and sales rhythm in the short term, appropriately reduce production and reduce inventory, so as to stabilize DNV GL grade B steel and so on steel materials' price. In the medium and long term, more efforts should be made from the perspective of downstream steel consumption to maintain stock and jointly tap new potential demand. The steel industry can also create new demand through product research and development or service improvement.

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