The steel production of China may fall in November

Since October, some cities have started emergency response measures for heavy pollution weather. Tangshan City has launched the level II emergency response to heavy pollution weather on October 23, strengthened emission reduction measures, and specified the proportion of sintering machine production restriction in iron and steel enterprises. Handan city also launched emergency response to further strengthen the control of key industrial enterprises. With the full implementation of the policy of stopping production and limiting production in various regions, and the continuous rise in the prices of raw materials such as coke, it is expected that the production of steel mills in November and the whole fourth quarter may fall down on a month on month basis, but still maintain a growth trend year on year. It is estimated that the annual steel production will exceed 1 billion tons.

On the whole, in October, the iron and steel industry stabilized, the market demand rebounded, the production of steel mills increased, steel prices fluctuated upward, and the inventory pressure eased. The pressure of raw material cost has also decreased. It is expected that in November, the market demand will still be supported, and the export is expected to remain stable, but the production of steel enterprises may fall down on a month on month basis.

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