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Demand will be suppressed when EN10083-3 50CrMo4 steel price rise to a critical point steel plate

Recently, "Beijing, Tianjin and Hebei and its surrounding areas 2018-2019 years’ autumn and winter air pollution comprehensive treatment program (solicitation draft)" is issued. It requires steel, coking, casting industry to implement partial peak production. In the heating season of key cities such as Tianjin, Shijiazhuang, Tangshan, Handan, Xingtai and Anyang, the production of iron and steel is limited by 50%, and the proportion of other cities should not be less than 30%. The EN10083-3 50CrMo4 steel production will also be affected.

Last week (July 30th ~8 3), the domestic steel market rebound. Zi Lijuan, general manager of Shanghai securities Tianjin business department, points out that environmental protection and production restriction have become the norm in the steel industry as a whole. In August, the release of EN10083-3 50CrMo4 steel production will be restricted. In the next ten days of Aug., the high temperature and rainy weather retreats, the construction project is expected to recover gradually. The supply and demand contradiction of the iron and steel market will be relieved, and the policy signal transmitted by the meeting of the State Council and the Political Bureau of the State Council in the near future makes the market confidence boost. In Aug., the domestic EN10083-3 50CrMo4 steel market shows a strong trend of turbulence.

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