The hot-rolled steel products’ price are unstable and are expected to run strongly in the coming weeks

Since the Spring Festival, the operating rate of 63 hot-rolled strip production enterprises across the country this week was 52.58%; capacity utilization rate was 49.62%; The month-on-month decrease was 5.58%; the actual output of steel mills this week was 1.2248 million tons, an increase of 8900 tons week-on-week; the month-on-month decrease was 137,700 tons; the inventory in steel mills was 301,800 tons, down 13,600 tons week-on-week; and the month-on-month decrease was 7,400 tons.

The national hot rolled strip price this week is unstable, the current strip supply has increased, downstream starts will continue to recover, demand or gradually improve. In addition, the current order situation of steel mills is acceptable, and the willingness to raise prices is high. In summary, it is expected that the hot-rolled steel product market price will continue to be strong in the coming weeks.