The spot price of hot rolled products fluctuated in September; the average price was lower than the previous month.

The spot price of hot rolled products fluctuated in September; the average price was lower than the previous month.

　　Policy side: The implementation of measures to reduce production is accelerated, and macroeconomic capital investment may continue to accelerate.

　　Supply side: From late August to September, the production reduction plans of many steel mills across the country have been implemented one after another. The hot rolling production lines of steel mills in Northeast China and East China have begun maintenance to reduce production, and the hot rolling output will continue to decrease in the later period.

Demand side: According to historical data, September is the lowest point of hot-rolling downstream demand of the year. However, due to the impact of high temperature, epidemics, power curtailment and floods in August this year, the demand dropped too much, and the above-mentioned environment improved in September. , Driven by the effect of post-disaster reconstruction and performance impact, the overall demand is expected to be flat in September.

  Summarize:

　　 The fundamentals of hot rolling in September will still maintain a weak supply and demand situation. The output on the supply side continues to decrease, the proportion of steel or thin products has increased, the weather on the demand side has turned cooler and the precipitation has decreased, the cases have been dynamically cleared again, and the production restriction measures have decreased. On the whole, supply reduction and weak demand go hand in hand, and prices may fluctuate.