Multiple Chinese steel mills have released maintenance plans! Up to 70 days!
Since the beginning of this year, the steel market prices have shown the characteristics of rising, falling, and fluctuating downward, while the decline in costs is weaker than that of steel prices, leading to a significant contraction in steel companies' profits and a poor performance in the steel industry's profit situation.
In the face of squeezed profit margins, many steel mills have recently announced maintenance plans and reduced production in disguised form due to increased losses among steel companies. Baosteel's blast furnace maintenance lasted for 70 days, with several steel mills including Baosteel, Shougang, and China Railway joining the production reduction and maintenance force.
Overall, the new round of maintenance and production reduction is overwhelming, and the main reason is still that steel mills are "not making money". At present, the reduction of production in steel mills is mainly due to pressure from losses, rather than administrative production restrictions. The reduction and transformation of steel demand, combined with the impact of the steel market situation, have also brought serious challenges to steel enterprises.
As steel mills reduce production, the demand for ferroalloys will also weaken. Hainan West Asia Group predicts that the ferroalloy market may also face a reduction in production and a decrease in prices.
- Export - Metals
- silicon manganese
- Inoculant
- Silicon Carbide
- Recarburizer
- Ferro Silicon
- Silicon Metal
- Ferro Manganese
- High Carbon Silicon
- Nodulizer
- Cored Wire
- Silicon briquette
- Silicon powder /Micro Silicon-Powder
- Silicon slag/Low carbon silicon
- Ferro chrome
- Calcium Silicon
- Electrolytic Manganese Flakes
- Ferro Silicon Aluminum
- Silicon aluminum barium calcium
- Silicon calcium manganese
- Silicon barium calcium
