What is the price trend of 30CrMo material in China

On the supply side of 30CrMo material, some electric furnace enterprises have resumed production after the National Day holiday, and the production of additional steel continues to increase. Although some regions have issued production restriction policies before and after the holiday, from the current monitoring of blast furnace operating rate, the actual implementation of production restriction is not as good as expected.

Secondly, the apparent demand for the steel market rebounded after the holiday, but it was mainly due to seasonal replenishment actions. With the increasing interference of weather factors, the sustainability of downstream demand for 30CrMo material and so on steel may be unsustainable. Superimposed on the real estate sector's poor performance of new construction data, the growth rate of new constructions turned from positive to negative, and market confidence was shaken.

At present, under the high yield and high price import pattern, the overall trend of steel market is weak and volatile, no exception for 30CrMo material.