The pressure to reduce production is still there, and steel prices are fluctuating

Gold Ten Futures, August 20th, the demand for building materials in the off-season is still weak, still in a state of weak supply and demand, but with the rapid decline in rebar production, inventory has been significantly reduced. In terms of hot coil, supply has declined slowly, consumption has declined, inventory is still rising, and pressure to reduce production is still there. At present, the steel production reduction has not ended, and the industry continues to have a negative feedback pattern. After the demand for raw materials weakened, cost support has moved down, short-term building materials have fluctuated, and hot coil steel prices have continued to fluctuate weakly.