Hangzhou G20 summit was concluded on the 5th summit fruitful. September 3, President Xi Jinping attended the Group of Twenty in Hangzhou Business Summit opening ceremony and delivered a keynote speech. President Xi Jinping introduced, beginning in 2016, we are vigorously promoting supply-side structural reforms, the initiative to regulate supply and demand, and then use the five-year period Yajian crude steel production capacity of 100 million to 150 million tons, with 3 years to 5 years then exit the coal production capacity of about 500 million tons, about 500 million tons reduction restructuring.

President Xi stressed that China in terms of capacity to go, with the largest, the most practical measure, when it comes it will be done.

Earlier most companies are held as guarantee a smooth and successful implementation of the G20 limited production, cut or even stop, we continue to follow this investigation of the 32 steel producers, whose production complex situation.

1, steel enterprise in Zhejiang Province has been fully resume production, 7th basic equipment has been debugged, 8 production will return to normal. At present steel basically has resumed production, and ST 8 TLFX resume production, WXXSZ still limited production 30%, JS Shagang still one thread production line maintenance, JSYG continue to blast off the wind, the production line is restored.

2, the yield point of view, compared to the actual impact mill is expected to reduce the amount of influence, mainly individual mills to limit production and cut some discounts, but the overall amount is still affect the supply of one million tons, but some intermediate frequency furnace steel production is mainly unsaturated cause.

3, the current 32 steel producers inventories totaled 621,600 tons, an increase of 11,900 tons compared with the previous survey period, the main part in the market in Hangzhou and Zhejiang-based mini-mills and Hangzhou in Zhejiang province since the sharp drop in demand, It led to the emergence of inventory backlog, little change in other mills.

4, currently 32 steel producers of rebar yield of 78.1%, the chain increased by 30% compared with last week. Steel production has been fully restored and is part of Nissan mini-mills can be also increased.

5, the current total inventory of rebar in Shanghai, Hangzhou, Ningbo, Wenzhou, Taizhou and Nanjing, Wuxi, Suzhou is to 1.1316 million tons, the chain increased 35,400 tons more than last week, except Wuxi inventory reduction, other regions have experienced increased inventory . In addition, complete statistics are currently in Hangzhou steel stocks 556,800 tons, 60,530 tons plate, screw, wire 61,280 tons.