By the end of May, the national rebar price index closed at 142.30 points, down 5.87% annually, and 23.72% 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 (I) The decrease of short-process start-up is obvious. In May, the supply of rebar continued to shrink
, the losses of short-process enterprises further intensified, and the production load decreased significantly, while the benefits of long-process enterprises improved slightly, the willingness to reduce production was not strong, and the operating rate did not change much. By the end of May, the blast furnace operating rate of 247 domestic steel plants was 82.36%, with a month-on-month decrease of 0.20 percentage points; the domestic electric furnace operating rate was 67.29%, with a month-on-month decrease of 7.24 percentage points; the national rebar rolling line operating rate was 67.86%, with a month-on-month decrease of 0.02 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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