AR500 wear plate price this year is higher than that of the same period last year

After environmental protection inspections discovered illegal production, Tangshan's production restriction was further upgraded. Tangshan City decided to continue to implement hierarchical production restriction measures from late March until the end of the year; entering April, the Development and Reform Commission and the Ministry of Industry and Information Technology studied and deployed the steel industry to reduce production capacity "look back" and other work. In recent times, Tangshan has been relatively strict in control. It has expanded from the previous urban control to the entire Tangshan City. AR500 wear plate production will be restricted this year. It is hard to say how much the impact will be. However, the "look back" to the production capacity reduction is aimed at the whole country and specific inspections in various places. The implementation status and its impact are temporarily difficult to judge.

Production restriction, capacity reduction, and environmental inspections are all beneficial to large factories. The reduction in steel output can reduce the price of iron ore and increase the price of steel products such as AR500 wear plate. Previously, large factories invested heavily in environmental protection, but the benefits are gradually showing up at this stage. Manufacturers with little or no investment will be the targets of the next environmental improvement. Recently, steel demand is strong. This year’s GDP target, internal circulation and other factors all have steel demand, and measures such as environmental protection and production restrictions have led to a reduction in supply, which is a good support for AR500 wear plate price.