By the end of April, the national rebar price index closed at 151.17 points, down 9.78% annually, and 23.42% compared with the same period last year.
Figure 1: Price Index Trend of Domestic Rebar and Concrete (Point)
Data Source: Cement Big Data (https://data.ccement.com/)
I. Supply and demand
of rebar (1) The output of rebar dropped to a low level, and the decline in East China was relatively obvious
. In April, with the decline in steel profits, the number of loss-making enterprises increased, and the overall production load of the industry peaked and fell. Among them, the loss of short process enterprises is relatively serious, and the decrease of start-up rate is higher than that of long process enterprises. By the end of April, the blast furnace operating rate of 247 domestic steel plants was 82.56%, with a month-on-month drop of 1.31 percentage points; the domestic electric furnace operating rate was 74.53%, with a month-on-month drop of 2.33 percentage points; the national rebar rolling line operating rate was 67.88%, with a month-on-month drop of 1.85 percentage points.
Figure 2: Operating rate of blast furnace, electric furnace and rebar rolling line (%)
Data source: Cement Big Data (https://data.ccement.com/)
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