There will be more CCS grade A ship plate

The more robust consumption and purchase demand in the second half year on China's steel market, of course, provide a strong stimulus for domestic steel enterprises. In addition, the newly increased advanced steel production capacity of iron and steel enterprises in recent years also makes it possible to achieve more CCS grade A ship plate and so on steel production in the second half of the year.

According to the data of China Iron and Steel Industry Association, in late June 2020, the daily crude steel output of key steel enterprises increased by 5.7% and 3.95% year-on-year, indicating the trend of large-scale production. It is expected that the national CCS grade A ship plate and so on steel production will remain high in the second half of the year, and even the growth rate will further increase.

In the second half of the year, a new record of CCS grade A ship plate and so on steel production will certainly form a certain pressure on the steel market. However, due to the strong demand, there will be no serious oversupply, or even a temporary and variety tight supply situation will not be ruled out.

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