Tangshan steel companies limit blast furnace production, black steel futures fluctuate and strengthen

Recently, Tangshan regional steel companies have successively received notices of production restrictions on sintering machines and blast furnaces, and relevant companies have stated that they will strictly implement the production restriction policy in July. Driven by the production restriction policy, market sentiment has been boosted again, pushing black futures from falling to rising.

Yesterday, U.S. Treasury Secretary Benson said that he expects to meet with China in the next few weeks, and the scope of consultation and cooperation between the two sides will not be limited to the trade field. The U.S. side has released positive signals on the issue of “reciprocal tariffs”, and the market still has expectations for subsequent Sino-US tariff consultations.

Recently, the market is susceptible to macro news and sentiment changes, and the industry fundamentals have not shown substantial improvement. Under the frequent disturbances of production restrictions and tariffs, the trend of steel prices has shown a fluctuating and repetitive feature.

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