Steel demand is gradually being released

Work on railway projects under construction has resumed at 77.8 percent, on roads and waterways at 68.2 percent with a total investment of more than 1 billion yuan, on civil aviation airport projects at 59.3 percent, on migrant workers in Guangdong and Zhejiang provinces returning to work at 70 percent, and on migrant workers in Jiangsu province at about 60 percent. Recently, thanks to the strong promotion of many local governments, the rate of resumption of work has improved significantly and the production of small green house across the country is now in full swing.

Yang wenzhuang, director of the population and family department of the national health commission, said workers who travel by “point-to-point” buses or trains on their way home will no longer be quarantined as long as they have no symptoms within 14 days before their departure. That is to say, they can return to work, which will save 14 days of isolation time, thus further speeding up the resumption of work. As of March 8, 162 of the 169 industrial enterprises above designated size in xiongan new area had resumed production, with the actual rate of resumption of production 95.9 percent. In Shanghai, 97% of industrial enterprises above the designated size have resumed work, and 100% of the curtain wall building has resumed work. By March 7, 131 enterprises (construction sites) in the shenzhen-shantou cooperation zone had resumed work and production, with a resumption rate of over 97 percent. By March 3, Beijing had started 489 construction sites, and it is estimated that the city’s construction sites will increase by about 3,000 labor personnel per day in March. At the same time, this year marks the end of the 13th five-year plan and the completion of the building of a moderately prosperous society in all respects. To achieve the first centenary goal, China’s economy needs to double that of 2010. Therefore, under the impact of the epidemic, in order to quickly recover the economy, local governments have focused on infrastructure investment especially for the solar greenhouse.
According to incomplete statistics, in addition to Tianjin, Inner Mongolia, xinjiang, Hainan, and Qinghai, which have not yet disclosed their overall investment plans, other provinces have announced a total investment of more than 40 trillion yuan, of which major infrastructure projects such as transportation and energy account for a large proportion. However, the current demand has been curbed temporarily due to the impact of the epidemic. In addition, the steel market is also gradually resuming work, according to the steel network survey, building materials market in addition to Wuhan, Harbin and northwest remote areas, other areas have different degrees of resumption of work. With the steel market with a significant increase of small green house in the rate of resumption of work, the steel flow rate will gradually accelerate.