On August 18th, the company held a mid-year summary meeting to summarize the achievements and deficiencies of the company in the first half of the year and pointed out the work priorities for the second half of the year. We believe that through joint efforts, we will achieve better results in the second half of the year!

On the 5th, domestic steel prices fluctuated within a narrow range. The weaker intensity of construction steel prices slightly increased from yesterday, while the prices of hot-rolled and cold-rolled coils remained weakly adjusted, and the prices of plate prices rose slightly. At the beginning of the month, the financial pressure was not great, and the market sales pressure was also weak. In addition, when the downstream situation was in a narrow range, the overall market sentiment was slightly stronger. The first transaction after May Day...

In April, with the warming of the weather, the domestic steel market entered the peak season for demand, social inventories continued to decline, steel exports increased significantly, and steel prices showed a slight upward trend. However, due to the relatively rapid release of steel production capacity, the oversupply situation in the domestic market has not changed. It is expected that the price of steel products will not increase significantly in the later period and will show a low volatility.

On the 15th, the domestic steel price continued to decline. Weak economic data has continued to put pressure on the spot. Whether it is the slowdown in the growth rate of fixed asset investment or the decline in the industrial economic momentum indicated by the slowdown in the growth of social power consumption, or the significant drop in the growth rate of CPI, it shows that China’s economy is in a declining trend and continues to be released according to the current production capacity. And the tone of the central bank’s policy is...