Li Qiang pointed out that China is willing to strengthen cooperation with the European Central Bank in areas such as international monetary system reform. This year, China has implemented more proactive macro policies, increased efforts in countercyclical regulation, and taken multiple measures to expand domestic demand and boost consumption, which can fully hedge against the impact of external unfavorable factors.
The US Department of Commerce announced that it will impose tariffs on various steel household appliances, including "steel derived products" such as dishwashers, washing machines, and refrigerators, starting from June 23rd. It is reported that setting a 50% tariff on most countries will affect the import of these steel products, which may lead to an increase in consumer prices. Industry stakeholders are closely monitoring the development of the situation.
This week, the supply of five major steel varieties was 8.5885 million tons, a decrease of 215300 tons on a week on week basis, with a decrease of 2.4%; The total inventory is 13.5456 million tons, with a weekly decrease of 92500 tons or 0.7%; The weekly consumption was 8.681 million tons, of which the consumption of building materials decreased by 3.5% month on month, and the consumption of sheet metal decreased by 0.5% month on month.
On June 12th, the domestic steel market fluctuated and operated weakly, with Tangshan Qian'an Pu billet factory price including tax falling by 30 to 2890 yuan/ton.