ASTM A131 EH36 steel consumption will enter the off-season

On November 7, the China Iron and Steel Industry Association (CISIA) said that in October, due to the influence of the steady growth policies and measures of the state, the market expectations increased, the release of iron and steel production capacity maintained a high level, which led to the increase of iron ore demand expectations and prices. Later market is about to enter the off-season of ASTM A131 EH36 steel consumption, ASTM A131 EH36 steel output will be reduced, iron ore demand intensity will show a downward trend, ASTM A131 EH36 steel price is difficult to sustain rising, will show a small fluctuation trend.

At the end of October, the China Iron Ore Price Index (CIOPI) was 272.14 points, up 22.25 points, or 8.90%, compared with the previous month, an increase of 5.43 percentage points.

ASTM A131 EH36 steel output began to slide. According to the statistics of the 10-day report of the Iron and Steel Association, in the middle and early October, the average daily production of crude steel by member iron and steel enterprises was 197.83 million tons, which was estimated to be 2.528 million tons of crude steel nationwide, down 7.13% from September, and the daily production of iron in China was estimated to be 203.3 million tons, down 8.12% from September.

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