INDUSTRY NEWS
The steel industry still plays an important role in the world economy
According to World Steel Statistics 2019 released by the World Steel Association, global crude steel production continued to record a record high of 1.808 billion tons in 2018, an increase of 4.5% over 2017, the fourth consecutive year of growth since 2015.
In 2018, the global apparent consumption of steel reached 1.712 billion tons. In terms of countries and regions, China accounted for 48.8% of the total, and the apparent consumption of steel in India and Japan accounted for 5.6% and 3.8% respectively, the EU accounted for 9.9%, and the North American Free Trade Zone accounted for 8.3%. The proportion of joints reached 3.3%.
In 2018, the global per capita consumption reached 224.5 kg, and the global per capita crude steel consumption showed an overall upward trend. The per capita consumption in 2012 was 202.9 kg.
In terms of countries, in 2018, South Korea's per capita steel consumption reached 1047.2 kilograms, the highest level in the world; China's per capita steel consumption reached 590.1 kilograms, Japan reached 514.1 kilograms, Germany was 495.5 kilograms, Italy was 445.0 kilograms, and the United States was 306.5 kilograms. Russia is 285.9 kg and France is 215.9 kg.
It is worth pointing out that as the world's second largest steel producer, India's per capita steel consumption in 2018 is only 70.9 kg, still far below the world average. This is mainly related to India's large population base, and it also reflects the huge potential of Indian steel consumption.
Steel prices in the second quarter
Overall, the market slowdown in the post-market will continue to slow down, and this year, the market is unlikely to have a large-scale out-of-stocks last year. It is not possible to rule out the possibility of a rebound in inventory after mid-to-late May.
The post-supply pressure will show up. Unless the loss is reduced, the steel mill output will remain at a high level. This will have a greater impact on the later price, and there will be a wave of correction.
In terms of iron and steel enterprises in the region, the first two years of winter production limit, as well as the environmental protection inspection in the second half of last year, the steel mills in Jinnan area have basically reached the standard for environmental protection equipment, and some steel mills have reached ultra-low emissions. Emission Standards. As far as we know the situation, there is the possibility of reducing production in the Linyi, Changzhi and Yuncheng areas in the later period, but the production in the short-term region is basically normal and has not been significantly affected.
The impact of trade friction on domestic commodities should be long-term, mainly in terms of imports and exports, but it has limited impact on short-term blacks. First of all, the total amount of steel imports and exports between China and the United States is limited. Secondly, although the steel exports in the early period of this year have rebounded, they are mainly based on the increase in Southeast Asia. In addition, the current domestic steel prices are high, and domestic demand is good. Factory export orders are not strong
Price: Shanghai market Meigang 0.2mm double-sided tinning 2.8g resources mainstream price stable at 6,930 yuan / ton, Baosteel 0.25mm mainstream price this week stable at 7800 yuan / ton, private steel mills, currently Koma The ex-factory price of 0.2mm specification is 6880 yuan / ton. Tianjin market price price stabilized, Furen 0.20*900 mainstream price 6400, Siwenkede 0.20*800 mainstream offer 6550, Qi Zhuoli 0.20*926 mainstream price 6250, Guangzhou 0.20mm mainstream price 6720.
The focus of the tinplate market moved up this week. Upstream: The price of spot hot coils in the local area showed a sharp decline in the week, and the overall performance was still weak, while the Shanghai tin spot oscillated. Downstream: The downstream purchases are generally one week after the New Year's Day. At present, the market specifications are out of stock, the orders of manufacturers in January are generally, and the trading atmosphere has decreased from the previous period. In addition, Baosteel and Meisteel's tin/chromium futures prices in January 2018 were unchanged from December, and Baosteel's tin-plated CA, Meigang, tin-plated BA and chrome-plated prices remained unchanged. Futures: Shanghai and Shanghai were in a volatile running trend this week. As of Friday, Huxi closed at 145,410, up 1010 from last Friday, or 0.69%. In addition, Baosteel's recent base price is stable, the overall market inventory is not high, and some specifications are relatively out of stock. In summary, in the short term, the tin plating market is still dominated by shocks and weak operations.
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