Steel Industry in September Changed From Decline To Increase, And Consumption Remained Sluggish

Steel is an important raw material in end-use manufacturing, and the development of downstream manufacturing can be more accurately judged by steel consumption trends. The steel industry supply index was 138.24 in September, down 15.56% year on year but up 1.32% month on month. In terms of supply, the weekly average output of the five major varieties increased by 5.8% month on month and 3.1% year on year in September. Consumption of the five major types of steel industry products increased by 3.8% month on month and decreased by 1.64% year on year. In particular, the traditional peak season of "Golden Nine Silver Ten" for building materials has arrived, and the influence factors of high temperature and the epidemic have subsided. The monthly demand for building materials has increased. In September, apparent consumption of construction steel increased by 6.37% month on month while decreasing by 5% year on year. In terms of manufacturing, the automobile steel industry's prosperity continued, the outbound situation of home appliances improved, and the machinery manufacturing steel industry contributed to the growth of the infrastructure steel industry.

The traditional peak season of "Golden Nine Silver Ten" has arrived, and the demand for building materials has steadily rebounded. The September building materials supply index was 195.08, representing a 13.95% year-on-year decrease and a 13.31% month-on-month increase. As the hot weather subsided in September, the project's construction progress accelerated, and demand for building materials increased steadily. In terms of infrastructure, most of the special bonds were issued in June due to a large number of funds in the early stage, providing sufficient financial support for infrastructure investment and leveraging infrastructure investment to accelerate further. The housing market is still sluggish, but it is gradually improving. Since August, core cities such as Zhengzhou, Changsha, Xi'an, Suzhou, Jinan, Qingdao, and others have implemented a number of real estates relief measures and strengthened pre-sale fund supervision in many places. "With the arrival of the "Golden Nine Silver Ten" peak season comes the phenomenon of "small rush work" in real estate construction."