Will 12Cr1MoV steel prices go up under strict production restriction

Recently, weather pollution has piled up. The Ministry of Ecology and Environment has issued a notice on the performance grading of key industries in heavily polluted weather, announcing emission reduction measures for heavily polluted weather in many places. Production restriction in heating season in Beijing, Tianjin and Hebei will be started soon. During the emergency response period of heavy pollution weather, production suspension or the strictest level production restriction measures will be taken to expand the performance grading industry from 15 to 39. Will 12Cr1MoV steel prices go up under strict production restriction?

Next week will enter the middle of October. We will focus on the implementation of production restriction, the change of supply and demand rhythm, and whether there is a subtle change in market sentiment after high 12Cr1MoV steel prices.

Today, the 12Cr1MoV steel market presents a wait-and-see state. Market transactions returned to normal. From the perspective of steel mills, after the festival, the capacity utilization rate of 12Cr1MoV steel mills in Northern China continued to decline slightly, and the daily output of 12Cr1MoV steel plate of some steel enterprises was reduced; in terms of orders, the overall performance was relatively fair. Overall, it is expected that the domestic 12Cr1MoV steel market price may maintain a narrow range of shocks in the short term.