China steel production and operation maintained stable operation in July

In July 2020, as the resumption of work and production progressed in an orderly manner, the demand for steel in the China market was strong, and steel production and operations maintained a high level of stable operation.

First, steel production maintained a high level of operation. Second, steel prices were hovering at a low level. Third, the growth of steel imports was obvious. Fourth was the gradual recovery of economic benefits. Fifth was the continuous growth of iron ore imports, and sixth was the steady growth of steel consumption.

In the short term, the trend of high volatility in the steel market will not change. If steel mills strictly implement production restrictions, they will actively support the steel market, but the room for market prices to rise is limited.

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