SM520C carbon steel production in steel mills tightened in September

In September, due to insufficient market demand, high raw material cost and insufficient production power of steel enterprises, the production index was 46%, which was 3.3 percentage points lower than that in August, falling for three consecutive months. After August, it continued to operate in the range below 50%, indicating that the current SM520C carbon steel etc. steel production has declined. According to estimates, in September, the national key statistics of iron and steel enterprises accumulated an average daily crude steel output of 2136600 tons, a month on month decrease of 0.55%, a year-on-year increase of 6.73%; pig iron 1896200 tons, a month on month decrease of 1.08%, a year-on-year increase of 4.82%; steel 1999300 tons, a month on month decrease of 4.35%, a year-on-year increase of 6.5%.

Although the peak season in September is not brisk and SM520C carbon steel production has declined, enterprises still have expectations for October. The raw material purchasing and inventory activities of enterprises have rebounded, with the purchase volume index of 43.1%, up 0.6 percentage points compared with August; the inventory index of raw materials was 40.9%, up 5.7 percentage points compared with August.