NEWS

Iron ore futures have been falling since July 16, from a high of 1132.5 yuan per ton to around 830 yuan per ton, down 26% in a month

Iron ore futures prices since the middle of July staged a wave of "flood discharge" market, the highest decline reached 35%, iron ore this week has been in the low shock finishing, today slipped to the low since November 2020 near

On July 28, at the president's office meeting of the second meeting of the sixth General Assembly of China Iron and Steel Association, the relevant person in charge of the planning and development Department of China Iron and Steel Association made a special report on the work of "looking back" and reducing crude steel output

Iron ore, a raw material for national infrastructure, has been in short supply on international markets as the global economy recovers

On July 30, the Political Bureau of the COMMUNIST Party of China (CPC) Central Committee made it clear that the campaign to reduce carbon emissions should be corrected.For a while, many market people regard the steel industry's output reduction work as a movement of "carbon reduction"

Analysts view: demand is not as expected, market confidence is insufficient, short-term steel prices have further space to fall, slightly bearish tomorrow

In recent years, the scale of China's construction machinery industry has been growing rapidly. In 2020, the business revenue of the whole industry reached 775.1 billion yuan, up 16% year on year, reaching the highest level in history

In the last week of July, steel prices continued to rise, steel futures afternoon gains narrowed, spot prices rose partly, but by the impact of heavy rain and typhoon "fireworks", downstream procurement is still cautious

On July 22, some parts of southwest Hebei, northwest Henan, south Guangxi, Leizhou Peninsula in Guangdong, northwest Hainan Island, south Yunnan, the north-central coast of Zhejiang and north-central Taiwan island saw heavy to heavy rain

In the next step, we will steadily promote the restructuring and integration of central enterprises in steel, power transmission and distribution equipment manufacturing and other industries, and actively cultivate new central enterprise groups in relevant fields in due time