Steel weekly: the Olympic Games is approaching, the steel market is stable
India plans to ban the export of iron ore and flat steel. According to China United Steel News, a number of Indian newspapers and periodicals reported on July 18 that the cabinet secretary Committee of the Indian government recently proposed that if the current flat steel price cannot be stabilized, the government will consider further increasing the flat steel export tax or banning the flat steel export, so as to increase the domestic flat steel market supply. In addition, the Indian government will also consider further increasing the export tax of Changgang products and explore the possibility of prohibiting the export of iron ore by using the horizontal tensile testing machine. According to the report, since January this year, Indian steel prices have risen by 50%, while India's inflation rate has reached 11.9%, reaching a new high in more than 13 years. Before February this year, the domestic price of Indian steel was higher than the FOB export price. Since the government implemented a series of financial interventions in April and may, the domestic price of Indian steel has declined and is lower than the export price
in the first half of the year, the global crude steel output increased by 5.7% year-on-year. According to China business news, the statistics of the international iron and Steel Association (IISI) on July 18 showed that in the first half of the year, the total crude steel output of 66 major steel producing countries and regions in the world was 696.05 million tons, with controllers and computers turned off year-on-year; An increase of 5.7%. In the first half of the year, the crude steel output of 27 EU countries was 108.46.8 million tons, an increase of 0.1% year-on-year; The crude steel output of CIS was 64.049 million tons, with a year-on-year increase of 2.7%; North American crude steel output was 69.095 million tons, an increase of 4.9% year-on-year; Crude steel production in Asia was 3912.17 million tons, an increase of 8.2% year-on-year. In June, the average daily output of crude steel in 66 major steel producing countries and regions in the world was 3.959 million tons, an increase of 5.9% year-on-year and 2.3% month on month, hitting a new record high
Shougang and other more than 150 enterprises are ready to stop production for the Olympic Games. According to Zhonghua business news, Zheng Jiang, deputy director of the Beijing Municipal Environmental Protection Bureau, said that key enterprises and industries such as metallurgy, building materials and petrochemicals have been established. At present, domestic enterprises generally can only hover between 300-900 w/s, and have made a detailed plan to suspend production and reduce emissions during the Olympic Games. More than 150 heavily polluting enterprises have made preparations for the suspension during the Olympic Games. After the closure of blast furnaces and coke ovens in 2005 and 2006, Shougang Corporation has successively shut down No. 4 and No. 2 blast furnaces, four sintering machines and the Third Steelmaking Plant, and has completed the task of producing 4million tons of steel with this performance. During the Olympic Games, Shougang will also suspend the operation of production equipment such as No. 3 blast furnace, No. 2 Steelmaking Plant, a converter and two sintering machines, and produce 200000 tons of steel every month, reducing production by about 70%