Raw materials rushed Shagang's 3,000 tons of bar production was dragged down
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“A leading steel mill in East China was unable to arrive in time due to insufficient molten iron and outsourced billet due to shipping, affecting bar production by about 3,000 tons per day.†On December 7, a news broke in the steel industry. A number of industry insiders said that the above-mentioned leading steel mills are currently Shagang Group, the largest private steel mill in China.
On the same day, the staff of Shagang Group confirmed the above news to the reporter of "Daily Economic News". The reporter learned that from the production of construction steel (0,-4696.00,-100.00%) of Shagang Group in November, rebar (0,-4718.00,-100.00%) and round steel output were about 396,000 tons, wire rod ( 4651, 0.00, 0.00%) The output is about 360,000 tons, and the daily output of 3,000 tons accounts for about 13% of the original output.
A middle-level layer of Shagang Group, which did not want to be named, said, "The main reason is that a number of low-cost contracts signed by us in the early stage were affected by the windy weather in the past few days and were not shipped in time."
Industry analysts said that the billet of Shagang Group could not be put in place in time. In addition to the weather, it was also related to the recent tight supply of raw materials and the tight supply of resources.
Dong Junhao, an analyst at Steel House, said that due to the recent increase in the price of raw materials, the pressure on the cost of billet manufacturers has increased. “In the case of insufficient self-produced ingredients, steel mills have increased their procurement of external materials, and the overall market resources are tight.â€
This phenomenon is also reflected in the customer supply of Shagang Group in December. It is reported that the shipments of Shagang Group to customers in December can be described as “a big discountâ€. At present, the thread is mainly delivered according to the customer's original order quantity of 85% in December. The hot-rolled supply is 58% of the order quantity, and the wire supply is reduced to half of the order quantity.
"Because the current source of raw materials is still mainly in the north, the market supply is now tighter." On December 7, Shanghai mid-term steel analyst Huang Huiwen said in an interview with the reporter of "Daily Economic News". She also said that at the beginning of the month, Shagang Group overhauled a production line and is still in progress. It is expected to take 20 to 30 days, affecting the daily output of bar by about 2,500 tons.
On the same day, the person in charge of a large steel factory in Nanjing said that “the supply of steel billets will be relatively low after the supply of steel market is suppressed. On the other hand, the price of iron ore is still high, which also drives the price increase of billet.â€
The reporter learned that the billet market rose slightly in the beginning of this week, rising 30-40 yuan per ton. According to the latest data from Steel House, the price of imported iron ore has continued to rise recently. “After the price of the outer disk exceeded US$170/ton, most domestic steel mills turned to wait and see, the purchase volume decreased, and the traders worried about the increase in risk and suspended the purchase in the near future.†Dong Junhao said. 