Recently, a number of steel mills have announced maintenance plans for September. Demand will gradually be released in September as the weather conditions improve, coupled with the issuance of local bonds, major construction projects in various regions will continue to proceed.

From the supply side, the second round of the fourth batch of central ecological and environmental protection inspectors was fully launched, and production restrictions within China continued. Therefore, the social stock of steel will continue to decline.

At present, Shaoguan Steel, Benxi Iron and Steel, Anshan Iron and Steel, and many other steel mills have issued plans to stop production for maintenance in September. Although it will reduce the output of steel in the short term, the shutdown can comprehensively improve the quality of steel production.