This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
At present, the congestion of container ports is becoming increasingly serious on all continents.
Asia: due to the continuous epidemic and seasonal typhoons, some major ports and wharves in China will face the pressure of yard and berth congestion. The storage yard density of Singapore is 80%, while that of Busan, the largest port in South Korea, is 85%.
Europe: the beginning of summer holidays, rounds of strikes, the increasing number of covid-19 cases and the influx of ships from Asia have caused congestion in many ports.
Latin America: continuous national protests have hindered port operations in Ecuador; The cyber attack on Costa Rica’s customs system two months ago is still causing trouble; The density of storage yards in many ports in Mexico is as high as 90%.
North America: reports of dock delays have dominated the shipping news headlines throughout the epidemic, and entering July is still worrying.
East America: the waiting time for berths in New York / New Jersey is more than 19 days, while the waiting time for berths in Savannah is 7 to 10 days, close to a record level.
West America: On July 1, the negotiation between the American West Wharf and the workers failed to reach an agreement, which cast a shadow on the slowdown and strike of the American West Wharf.
Canada: the situation on the west coast is very bad, mainly due to the limited availability of the railway, Vancouver is facing “serious delays”, and the yard density reaches 90%.
The current situation of China’s domestic steel market this week: Due to the increasing downward pressure on the domestic economy and
This week, China’s domestic high temperature, and affected by the off-season of the steel market, the demand for steel has shrunk,
This week, the output of China’s five major types of steel was 8.9713 million tons, an increase of 140,300 tons from
The fundamentals of supply and demand in China’s steel market further improved this week. The sharp reduction in production by steel