According to the China Securities Network News, by environmental protection overweight, to promote production capacity and so on, this week, steel prices rose first after falling. As of 12, the domestic rebar prices rebounded about 2% weekly.

   From the perspective of supply and demand, the profit per ton of space is still, steel production is still high. According to the China Steel Association statistics, in late April, member steel enterprises average daily output of 1 million 865 thousand tons of steel, an increase of 0.83% QoQ, once again record a new high.

   To capacity, the current national total withdrawal of steel production capacity of 31 million 700 thousand tons, coal production capacity of 68 million 970 thousand tons, respectively, to complete the annual task of 63.4% and 46%. Analyst Qiu Yuecheng pointed out that this progress exceeded market expectations, but also means that the second half of the capacity has been basically no pressure, will affect the market expectations to some extent. But the current national policy of "land of steel and strict means of short-term to capacity will continue to maintain a high pressure situation, the confidence of the market will form a certain boost.

   Demand, exports are still down sharply. According to customs statistics, in April, China's steel export volume was only 6 million 490 thousand tons, down 28.5%.