Focus today
Tangshan City requires that the production of sintering machines and shaft furnaces of steel enterprises in the city should be limited by 50% from August 1 to August 5. The Tangshan municipal government issued a notice on July 31. It is expected that moderate pollution will occur in Tangshan from August 1 to August 5. Steel enterprises in the city are required to take further emergency emission reduction measures while strengthening pollution reduction. The production of sintering machines, shaft furnaces and lime kilns in the city's steel enterprises is limited to 50%. During the period from 18:00 to 8% every day, the sinter machine produces 20% of the throttle on the basis of the 50% production limit.
Steel market
Today, the domestic black series commodity futures except coke all fell, turnover volume. In the afternoon, as the profit bulls continued to significantly reduce their positions, finished material prices continued to fluctuate downwards. Specifically, in the futures market, rebar 1810, hot-rolled coil 1810, hot-rolled coil steel, hot-rolled coil steel, cold-rolled coil steel, hot-rolled coil steel, cold-rolled coil steel, hot-rolled coil steel, hot-rolled coil steel, cold-rolled coil steel, hot-rolled
The average price of HRB400 (20mm) rebar in 25 major cities across the country is 4354 yuan / ton, up 23 yuan / ton from the previous trading day. Snail upward in the night market, superimposed on the price increase in the first ten days of leading steel mills in East China as scheduled, so the quotations of many merchants in early trading continued the upward trend, but the spot transaction was lukewarm, the snail dived sharply in the afternoon, and the spot market turned cold.
The average price of medium and heavy plates in 24 major cities across the country was 4406 yuan per ton, up 9 yuan per ton compared with the previous trading day.
Important news of the industry
JFE, the world's second largest steel group, plans to increase crude steel production in the third quarter
On July 31, ShinichiOkada, vice president of Japan's JFE, the world's second-largest steel group, said on Tuesday that the company plans to increase its crude steel production to 7.2 million tons in the July-September quarter, up from 6.8 million tons a year earlier. The company said it maintained its steel output target of 29 million tonnes for the fiscal year ending in March, despite recent torrential rains that reduced factory output in western Japan.
Pearl River Delta plans to ban new expansion of iron, steel, petrochemical and other projects
On July 31, the Guangdong Provincial regulations on the Prevention and Control of Air pollution (draft for soliciting opinions), organized and compiled by the Guangdong Provincial Environmental Protection Department, proposed that in the Pearl River Delta region, new construction or expansion of coal-fired thermal power units (including enterprise-owned power stations), iron and steel, petroleum, petrochemical, cement, flat glass, ceramics other than special ceramics, non-ferrous metal smelting and other heavy air pollution projects are prohibited.
Company announcement
[Changbao shares]
Buy back shares of the company
As of July 31, 2018, the company had repurchased more than 24.88 million shares, accounting for 2.52% of the company's total share capital. The highest transaction price was 5.20 yuan per share, the lowest transaction price was 4.18 yuan per share, and the total amount paid was 122507656 yuan (including transaction fees). Previously, the company has issued four consecutive progress announcements on the recovery of shares since March this year.
[Valin Steel]
Progress in the reduction of shares by the second largest shareholder
From July 23 to August 1, 2018, the company's second largest shareholder, Shenzhen Qianhai Jiuyin Investment Fund Management Co., Ltd., Hunan State-owned Enterprise Innovation Private Equity Fund, cumulatively reduced its holdings of more than 22,350,000 shares through centralized bidding and bulk transactions, accounting for 0.74% of the company's total share capital. the company has previously issued a relevant pre-disclosure announcement on July 10 this year.
[Shanghai Iron and Steel Federation]
outbound investment
On August 1, 2018, the company signed a "letter of intent for equity transfer" with Beijing Ruiguan Technology Development Co., Ltd., the controlling shareholder of Beijing Zhonglian Iron and Steel Co., Ltd., and the company intends to acquire 100% equity interest in Zhonglian Steel for about 70 million yuan.
