In recent days, power shortage has intensified in China, and some regions have adopted power rationing measures, and the impact of power rationing on the output of domestic steel companies is gradually being reflected.
Statistics show that the brass sheet industry accounts for approximately 12.7% of all electricity demand, ranking top in the power consumption industry. Therefore, every time there is power shortage, steel will be the first to limit the power.

Today, the main 1110 contract of rebar has fluctuated within a narrow range for most of the time. It fell directly near the close, and closed down to 4,811 yuan in the afternoon at 0.06%. After the opening of the coke main force 1109 contract, it rose upwards, up to 2,423 yuan, and then fell slightly. The midday price closed up to 2,405 yuan with a range of 0.54%.

In the spot market, some regions still rose slightly, and most regions maintained a stable trend. Among them, the third-grade rebar in Shanghai continued to report 5150 yuan/ton, and the brass sheet in Tianjin reported 5160 yuan/ton, which was the same as yesterday.