Current Condition of The Domestic Steel Market
Today, the world economic situation is complicated and confused, and the risk of global economic recession still exists. Under this difficult environment, China pursue progress while ensuring stability, moderate monetary policy, strengthen macro control, expand effective demand, promote all-round improvement in the economy. However, for the steel market, it is still bound by the trend of weakening demand in the traditional off-season.
In the short term, our domestic steel market will appear a pattern of “ general improvement in economy, extension in real estate finance policies, boost in market confidence, lack of demand in off-season”.
On the supply side, because of the gambling between convergence of interest effect and balance regulation, the production capacity and supply of steel are likely to increase in a short time.
On the demand side, it is hot and rain in the summer, and sauna weather continues in some areas, there are noticeable reductions in outdoor engineering projects.
From a cost point of view, iron ore price has slightly increased, steel scrap price has declined, and coke price has risen in the second round, these make it hard to maintain the current situation for the cost.
Therefore, during this week, the domestic steel market will continue to shake tendency, and some regions and steel products may have a small amplitude fluctuation with the transactions.
