“The current reason why steel companies still have profits is mainly to digest the previous inventory of low-priced raw materials. Now that the price of iron ore has dropped, the price of coal has been rising, and when the inventory of the previous period is always useful, it may be next month. The plant has no advantage in the cost of raw materials.†A senior executive of Nanjing Iron and Steel shares told reporters yesterday.
In addition to iron ore, coke raw materials are another major raw material for steel mills. At present, 90% of Nangang’s coke is self-refined, and 10% depends on external mining. The price of coking coal and coke has recently increased continuously. However, steel prices have entered a downward range.
After the "May 1st" festival, the three major coke associations in Shanxi, Shandong, and Hebei successively raised the guide price for coke in May, and the continuous rise in coal prices was the direct cause of the rise in coke prices.
In April, the coal cost of coking enterprises in northern Shandong Province was as high as RMB 1,360-1,370/ton, and coking companies in Shanxi Province were also generally at a loss. Some coking enterprises lost as much as 200 yuan per ton of coke.
Since late April, domestic steel market prices have continued to adjust, and steel prices have fallen by more than RMB 100/t. At this time, the price increase of coking enterprises is tantamount to worse for steel mills. Most steel mills can only pass The way of coke stocks in the early stage of digestion has resisted the rise of coke prices.
An insider of the Guangzhou Iron & Steel Co., Ltd. told reporters that at the moment, whether it is coking coal or iron ore, the purchases are more cautious. The steel mills are further observing the impact of the current real estate control policies on the steel market, although most of the steel mills are now full. Load production, but continuous expansionary procurement and production are still risky.
In addition to iron ore, coke raw materials are another major raw material for steel mills. At present, 90% of Nangang’s coke is self-refined, and 10% depends on external mining. The price of coking coal and coke has recently increased continuously. However, steel prices have entered a downward range.
After the "May 1st" festival, the three major coke associations in Shanxi, Shandong, and Hebei successively raised the guide price for coke in May, and the continuous rise in coal prices was the direct cause of the rise in coke prices.
In April, the coal cost of coking enterprises in northern Shandong Province was as high as RMB 1,360-1,370/ton, and coking companies in Shanxi Province were also generally at a loss. Some coking enterprises lost as much as 200 yuan per ton of coke.
Since late April, domestic steel market prices have continued to adjust, and steel prices have fallen by more than RMB 100/t. At this time, the price increase of coking enterprises is tantamount to worse for steel mills. Most steel mills can only pass The way of coke stocks in the early stage of digestion has resisted the rise of coke prices.
An insider of the Guangzhou Iron & Steel Co., Ltd. told reporters that at the moment, whether it is coking coal or iron ore, the purchases are more cautious. The steel mills are further observing the impact of the current real estate control policies on the steel market, although most of the steel mills are now full. Load production, but continuous expansionary procurement and production are still risky.
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