The operation of China's steel industry has shown three characteristics

First, steel production is relatively stable. From the production situation of key iron and steel enterprises, while further grasping the epidemic prevention and control, the steel enterprises basically ensured the stable operation of production and operation. It is expected that the China steel production will remain relatively stable in January.

Second, the steel inventory has recovered significantly. In order to meet the steel demand after the Spring Festival, before the festival, steel traders will generally replenish the stock, and the steel stock in January usually shows an increasing trend. According to statistics, by the end of January, the total social inventory of five major categories of steel products in the main market of China was 14386100 tons, an increase of 5198400 tons on a month on month basis, with an increase of 56.58%. Steel stocks are expected to increase in the short term.

Third, steel prices are under downward pressure. Before the Spring Festival, the overall supply and demand of the steel industry was stable, and steel prices remained relatively stable. After the Spring Festival, affected by the epidemic, the volume of transactions in the spot market was relatively small, the market quotation was mainly stable, and some of them fell.