Hot news

The Central Committee of the Communist Party of China and the State Council have issued the “outline for the implementation of the construction of a government ruled by law (2021-2025) ” , in which administrative normative documents are formulated in accordance with the law, except on the basis of the law, it is strictly forbidden for local governments to take measures to require the market bodies of specific regions or industries or fields to stop production and business generally. In July, the electricity consumption of the whole society continued to grow, reaching 775.8 billion kwh, an increase of 12.8 percent year-on-year, and an increase of 16.3 percent over the same period in 2019. The two-year average growth rate was 7.8 percent. Ministry of Water Resources: In the middle and late August, the middle reaches of the Yellow River, parts of the Hai River River system, the upper and middle reaches of the Yangtze River and other areas may have super-alarm floods. The number of Americans claiming unemployment benefits for the first time last week was 375,000, up from 385,000. US producer prices rose 1 per cent month-on-month in July from 1 per cent in the previous month. The Fed launched a fixed-rate reverse repurchase operation on Thursday, with 74 counterparties taking in $1,087.3 billion, a record amount.Friday’s output of 10,172,700 tons of high-quality steel was 100,700 tons higher than that of the previous week. Of this total, 3,210,800 tons of rebar were produced, an increase of 30,900 tons in circumference, 10,405,400 tons in apparent consumption, an increase of 543,200 tons in circumference, and 21,347,200 tons in total stock, a decrease of 232,700 tons in Chow Ring’s ratio. Of this total, 6,364,300 tons were held in steel mills, with a reduction of 125,400 tons by Chow Ring, 14,982,900 tons by the social sector and 107,300 tons by Chow ringOn the 12th, 64 steel mills imported 15,887,700 tons of sintered powder, consumed 543,900 tons of sintered powder per day, the inventory consumption ratio was 29.21,

The second half of the national steel industry has begun to cut production, commodity price guarantee is still one of the focus of work. In this context, part of the market view that the steel industry production reduction will shrink the supply of steel, or steel supply is difficult to meet demand, contrary to the requirement of stable price guarantee. In this regard, reporters interviewed a number of industry experts learned that the steel industry has the ability to “ensure production reduction” and “price stability guarantee supply” to achieve a balance, the second half of the steel market is expected to worry-free. (Shanghai Securities Journal)The British government announced the final ruling of the “transitional review” of the anti-dumping measures on welded pipes, and decided to “maintain” the relevant measures against China, which will take effect from January 30 for a period of five years 2021; At the same time, the galvanized welded pipe which is not produced in UK is excluded from the range of products.In July, there were 6,394 construction projects across the country, with a total investment of 2,759.82 billion yuan, down 20.9 percent month on month and up 182.2 percent year on year. In addition, on August 2,100-year construction net surveyed 162 construction enterprises on 4,328 projects, and the data showed that the current project start rate is 58.4% , less than 60% Thermal coal price is high, which directly raises the power generation cost of downstream thermal power plants. At present, many domestic thermal power plants are already facing loss. At a thermal power plant in Yulin’s Hengshan district, the company’s general manager said the fuel cost from January to July this year was 0.21 yuan per kilowatt hour, up 100 percent from 0.11 yuan in the same period last year. The IEA’s monthly report cut its oil demand forecast for the second half of 2021 by more than 500,000 b/d, predicting a supply glut in 2022.