Steel Market Update During Jul 24th-28th, 2023
In the first half of the year, under complex environmental conditions, the world economy is changing for the better. But the foundation for sustainable development of the domestic economy is still unstable.
In the second half of the year, China will build a new development paradigm, effort to promote the production-increasing and quality-improving, expand effective demand, moderate monetary policy to respond unexpected challenges and changes.
The steel market has recently shown a narrow range of fluctuations, with the overall market showing the characteristics of "not high, not low, not easy to rise, not easy to fall". The steel business feels downturn, and the confidence and patience of industry insiders are worn away day by day. What is the future trend of the steel market? We regard that the domestic steel market will still tend unstable.
