CISA: production and operation situation of iron and steel industry

According to China Iron and Steel Association February 6th, CSC said that in the short term, the impact of the epidemic on the steel industry was mainly concentrated in the first quarter, especially the downstream demand side, which resulted in a decline in raw material and steel prices. In the medium term, with the improvement or end of the epidemic situation, the impact on the iron and steel industry will gradually weaken. At the same time, with the continuous increase of the National Counter cyclical regulation policy and the continuous implementation of various measures to stabilize growth, the steel demand will usher in a wave of concentrated release. The production and operation situation of the steel industry in the second quarter is expected to improve. Throughout the year, the overall situation is better than last year.

During the epidemic period, it is against malicious market speculation in spite of the overall situation of stability to prevent the price of steel market from rising and falling; it is against blind production in spite of the risk of market recovery slowing down, transportation difficulties, etc., to avoid excessive increase of inventory and affect the later stable operation. Affected by the epidemic situation, the transportation of iron and steel enterprises is limited, the trading volume of steel market is low, and the price of raw fuel and steel is falling sharply, which results in the impairment of enterprises. Some enterprises are even faced with greater risks. In this critical period, the iron and steel enterprises should be firm in confidence, United, and work together to maintain the stable operation of the industry, and solidly complete the reform and development tasks of the whole year. The China Iron and Steel Industry Association appeals to the whole industry: calm response, ensure the safe production and operation of the enterprise; recognize the situation, and treat the fluctuation of the steel market rationally; concentrate on maintaining the stable and healthy development of the industry; and firm in confidence, secure a decisive victory in building a moderately prosperous society in all respects.