On August 18th, the central bank released a monetary policy execution report. The report mentions that the macroeconomic situation is expected to continue to improve, and monetary policy needs to be precise and strong to firmly support the recovery of the real economy. At the same time, the unemployment data and manufacturing index in the United States also show certain fluctuations, bringing some uncertainty to the market.

On January 9th, the Stainless Steel Branch of the China Special Steel Enterprise Association announced the results of the online public vote for the top ten stainless steel news in China in 2022. It is expected that Chinas stainless steel production will reach 31.5 million tons in 2022, a year-on-year decrease of 3.5%, and will experience negative growth in the past decade. The following are the top ten news items for Chinese stainless steel in 2022 selected by the vote. Firstly, the SUS630 stainless steel cold-rolled plate of Taiyuan Iron and Steel Group has successfully replaced imports, solving the "bottleneck" problem in Chinas printed circuit board industry. On February 21, 2022, Taiyuan Iron and Steel announced that after nearly three years of system research and continuous improvement, Taiyuan Iron and Steel achieved stable supply of precipitation hardened SUS630 stainless steel cold rolled sheet products in bulk, becoming the first enterprise in China to provide such products. This product solves the "bottleneck" problem of key basic materials in Chinas electronic circuit industry, and helps Chinas electronic circuit printed circuit board industry move towards high-end. At present, the linear expansion coefficient, flatness, same plate difference, surface quality, and surface roughness of Taigangs products can meet the strict requirements of users.

Today, the stainless steel seamless pipe market is still experiencing a greater increase in market volume than in spot prices, especially with the main contract for raw iron ore rising by over 4%. Unstoppable all the way, rising steadily. Why is iron ore so strong? From the perspective of the market, raw iron ore, coking coal, and coke have just completed the main contract switch, and the discount spot price of the main contract is even greater. Surprisingly, the increase in 01 contract today is higher than the increase in 09 contract, and the prices of coking coal and coke 09 contract have closed down, but 01 contract has risen. This at least indicates that the expected reduction in production is already weakening in the face of deep discounts on the market. But from a time perspective, speculation in the distant months must be driven by expectations and capital, and has nothing to do with reality