Steel mill production has slowed

In March, under the requirements of the "carbon peak" and "carbon neutral" target, the environmental protection limit production policy has been tightened again, bringing certain restrictions to steel production.The production index was 51.3 per cent, down 3.4 percentage points from the previous month, indicating a slowdown in steel production.According to the China Iron and Steel Association data statistics, in early March and the middle of the crude steel production decline.In the first ten days, the average daily crude steel output of iron and steel enterprises was 2.2713 million tons, down 2.08% month-on-month;The average daily output of crude steel in the middle of the year was 2,213,600 tons, down 1.46% from the previous month.

Slower production also led to lower growth in raw material purchases, which fell 0.4 percentage points to 51.1%.As the market expects the price of raw materials to fall to a certain extent, it tends to accelerate the consumption of existing inventory and hold money to buy new raw materials, resulting in a significant decline of raw material inventory. The raw material inventory index is 36.6%, down 9.8 percentage points month-on-month.With the relaxation of restrictions on population movement due to the prevention and control of the domestic epidemic, the number of employees in this month also picked up. The number of employees in this month was 49.0%, up 1.2 percentage points from the previous month.