Yesterday, domestic steel prices rose steadily, but individual market prices fell slightly by around RMB 10-20/t. As of yesterday, China's third-order thread in the lowest price in North China market 20mm three-tier thread offer to 3410 yuan / ton, East China Hangzhou, Nanjing market with the specifications to 3470 yuan / ton; 20mm Puban North China lowest price, Shijiazhuang The market has soared to around RMB 3,470/t, while the prices of Hangzhou and Nanjing markets in East China have been quoted at RMB 3,630/t. As of yesterday, the average price of the 20mm HRB400 rebar mainstream market was 3,573 yuan/ton, up 5 yuan/ton from the previous trading day; the average price of the 20mm plate mainstream market was 3,646 yuan/ton, up 5 from the previous trading day. RMB/ton; the average price of 4.75mm hot-rolled coils in the mainstream market was RMB 3,639/tonne, up RMB 9/ton over the previous trading day; the average price of the 5# angle iron mainstream market was RMB 3,573/tonne, down from the previous trading day 3 yuan/ton.

The news surface: Banks have tightened the credit supervision of steel industry and other ten industries. Recently, news quoted the “Shanghai Securities Decision” that the regulator issued internal notice to prohibit the issuance of new ** to nearly 10 industries with excess capacity, such as cement, steelmaking, ironmaking, chemical fiber, electrolytic aluminum, and coal, and prohibiting the above The industry uses short-term securities, medium-term notes, convertible bonds, and new corporate bonds. In addition, those who are willing to automatically stop production and abandon enterprises may be exempted from partial interest or help convert production. According to industry sources, the ** restrictions on industries with overcapacity have existed for many years, but according to those who broke the news, the latest regulatory scrutiny is significantly tightened compared with the relevant documents at the beginning of this month.

Cost side: This morning, Tangshan 150 billet was reported at RMB 3,100/ton. In addition, Shagang introduced the policy of late in the day and raised the overall rate of 100; Siping Hyundai, Anyang Industrial, Bayi Steel, Zhengzhou Special Steel, Nangang, Shuigang, Guangzhou Steel, Pinggang, Jigang Wuyuan, Fujian Sanbao, Shiheng Special Steel, Lai Steel Yongfeng, Zhongtian Iron and Steel, Yonggang and other manufacturers raised their building materials by RMB 10-150/tonne; Handan Iron & Steel raised the price of building materials and plates by RMB 160-270/tonne in August; Hegang raised its August policy by 50-150 RMB/ton, Maanshan Iron & Steel was repaid by 30-150 yuan/ton in mid-July, Meishan Steel and Bagang Steel were raised by 50-150 yuan/ton in August; overall, the manufacturers’ attitudes in steady increase in August Clearly, the upward adjustment of the attitude of various manufacturers is still obvious in the short term, and the cost support for steel prices is still strong.

** Surface: Yesterday, the rebar main contract Rb1401 opened low, opened 3694, thread closed 3678 down 16, due to negative early yesterday morning, the signs of thread diving more obvious, but wait and see mood is strong, lack of downside power, closing in late hours 10-day moving average, is expected to run short of the thread today.

Demand side: Yesterday, the end demand was released normally, and the market volume performance was normal. The merchants continued to have a mentality because of cost support.

On the whole, with the impact of the full-scale upward adjustment of the August policies of Hegang, Meishan Steel, Bayi Steel, and Handan Iron & Steel and other manufacturers yesterday, the policy of Shagang and Yonggang Steel has also been adjusted upwards yesterday, so that the current cost support is obviously strong. The attitude of various merchants is still strong, and it is expected that the mainstream trend will continue to rise steadily and increase. However, attention should be paid to the fact that after the recent sustained upward trend, the current terminal's support for steel prices at the current stage is no longer strong. Note that there may be a possibility of stable shock consolidation adjustment in the latter half of this week. Among them, the average price of rebar in the mainstream market today is adjusted from 0 to 10 yuan/ton, and the average price of 20mm tertiary rebar in the mainstream market fluctuates from 3570 to 3580 yuan/ton; today's plate price in the mainstream market will be adjusted to 0. ~ 10 yuan / ton, the average price of 20mm plate in the mainstream market fluctuated between 3650 ~ 3660 yuan / ton.