1, Progress and breakthroughs in pure iron technology
Breakthroughs have been made in the preparation technology and characteristic research of high-grade pure iron in China recently. Shanxi Beilun Jubang Innovation Technology Co., Ltd. introduces 4N technologyelectrolytic scale preparation of 4N grade high-purity iron technology, and zone melting method preparation of 5N grade ultra pure iron technology. This breakthrough breaks the long-standing monopoly of American Armco Iron in this field, marking significant progress in China's exploration of material purity and performance limits.
High grade pure iron has a wide range of applications: High grade pure iron is mainly used to manufacture key materials such as high-end special steel, high-temperature alloys, and corrosion-resistant alloys, and is widely used in high-end equipment manufacturing fields such as aviation, aerospace, electronics, ships, and biomedicine. The breakthrough of this technology will have a profound impact on the development of China's manufacturing industry.
2, Spot steel market is stronger than futures
Strong spot prices: Recently, spot prices in the steel market have been stronger than futures prices, reflecting a more optimistic expectation of industry funds compared to macro funds. At the same time, the spot market is also supported by replenishment and speculative demand.
The factory price of rebar has significantly increased: Under the catalysis of policy expectations, the factory price of rebar continued to rise sharply in early October. For example, in the ex factory prices released by Shagang and Jiangsu Yonggang in early October, the price of rebar has been raised by several hundred yuan/ton.
3, Global iron ore market dynamics
The imported iron ore market is operating steadily: During the National Day holiday in 2024, the activity of the forward spot market for imported iron ore was weak, and most major market participants at home and abroad were not specifically reported for sale due to the impact of the Chinese market holiday. However, the short-term market expectations for the iron ore market after the holiday are mostly in a stable to strong state.
Overseas mining stock market fluctuations: During the National Day holiday, the four major overseas mining stock markets experienced fluctuations. Among them, Tata Steel UK, the largest steel producer in the UK, has closed the last blast furnace at the Port Talbot steel plant; The first quarter operational report released by the comprehensive large steel company ArcelorMittal shows that there have been changes in both iron ore production and shipping volume; Australian Arc Infrastructure announced the launch of iron ore transportation services for Gold Valley Iron Ore Company; The production and sales report released by Vedanta Corporation in India shows that iron ore production has increased compared to the same period last year.