◎ On February 21, Shagang introduced the factory price in late February, the price of rebar was temporarily stable, the price of disc screw was temporarily stable, the rebar was 3,500 yuan/ton, and the price of disc screw was 3,610 yuan/ton.
◎ This week, the average capacity utilization rate of 90 independent electric arc furnace steel mills in China was 40.10%, an increase of 26.49 percentage points from the previous month; Average daily crude steel production increased by 194.71%.
◎ This week, the total inventory of imported iron ore in 47 ports of the country was 159.3054 million tons, down 739,900 tons from the previous month; 45 ports imported iron ore inventory of 153,395,400 tons, down 529,900 tons.
◎ This week, 247 steel mills blast furnace operating rate of 77.68%, down 0.30 percentage points from the previous month; The profit rate of the steel mill was 49.78%, a decrease of 0.87 percentage points from the previous quarter; The average daily output of molten iron was 2,275,100 tons, a decrease of 0.48 million tons from the previous quarter.
◎ This week, the country’s 16 ports imported coking coal inventory of 7.918,400 tons decreased by 15400 tons; Coke inventory in 18 ports increased by 113,600 tons to 2,325,200 tons.
◎ This week, the total inventory of iron ore imported by steel mills across the country was 91.707 million tons, an increase of 278,900 tons from the previous month.
◎ This week, the capacity utilization rate of 462 thermal coal mines in the country was 94.7%, an increase of 1.4 percentage points from the previous month; The average daily output was 5.686 million tons, an increase of 79,000 tons from the previous month.
◎ On February 21, the total inventory of scrap steel from 300 parent and short-process representative steel mills in China was 5.171,400 tons, down 0.46%; Inventory turnover days 8.0 days, unchanged; The total daily consumption was 479,400 tons, down 0.08%; The total quantity of goods delivered per day was 455,600 tons, down 4.08%.
◎ On February 20, the Trade Commission of the Ministry of Trade, Industry and Resources of South Korea announced that it proposed to impose provisional anti-dumping duties on thick plates imported from China, with the tax rate ranging from 27.91 to 38.02%. Details >>
◎ As of February 20, 2025, Hebei, Shandong, Jiangsu, Sichuan, Henan, Tianjin, Fujian, Shanxi, Hubei and other places have announced the list of key projects in 2025, of which 57 are related to the aluminum industry. Details >>
◎ CISA: In January 2025, the total energy consumption of member enterprises decreased by 0.29% year-on-year; Overall energy consumption per ton of steel decreased by 0.33% year-on-year; The comparable energy consumption per ton of steel decreased by 2.61% year-on-year; Electricity consumption per ton of steel increased by 0.19% year-on-year.
China Baowu: Proposed to achieve the “54321″ vision goal by 2035, that is, research and development intensity of 5%, advanced steel material revenue accounted for 40%, carbon reduction per ton of steel 30%, transnational index 20%, return on equity (ROE) 10%. Strive to reach the end of the “15th Five-Year Plan”, achieve the proportion of new industries more than 35%, transnational index reached more than 15%.
◎ In 2024, the operating income of Guangqing Technology exceeded 40 billion yuan; Indonesia Guangqing achieved business revenue of more than 47 billion yuan, has built an annual output of 600,000 tons of nickel iron, 1 million tons of steel and 3 million tons of hot rolling production lines; Indonesia Guangqing de annual production of 4 million tons of hot rolling project officially put into operation.
◎ CITIC Special Steel: The harmonic reducer flexwheel steel produced by the company successfully replaced imports, breaking through the production problems of key parts of robots.
◎ China National Offshore Oil Co., Ltd. announced on the 21st that the Lvda 5-2 North Oilfield Phase II development project has been put into operation. Cnooc owns 100 per cent of the project and is the operator.
◎ On February 21, the average cost of 76 independent electric arc furnace construction steel mills was 3504 yuan/ton, an increase of 17 yuan/ton, the average profit loss of 77 yuan/ton, and the profit of Valley Electric was 40 yuan/ton.
◎ As of 12:00 on February 21, compared with the price difference between molten iron and scrap steel in steel mills in Jiangsu, the price of molten iron is 38 yuan/ton higher than that of scrap steel.
◎ Jiangsu Yongsteel: The disc screw will be repaired on February 21, and it is expected to be repaired for 14 days, affecting the production of 60,000 tons of disc screw.
◎ Northeast Dalian Special Steel: It is planned to overhaul the bar production line of Yousteel from February 20 to March 3, which is expected to affect the average monthly bar production of Yousteel of 20,000 tons.
Post time: Feb-22-2025