This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
This week, the output of China’s five major types of steel was 8.9713 million tons, an increase of 140,300 tons from the previous week.
In terms of inventory: the total steel inventory this week was 17.4903 million tons, a decrease of 869,600 tons from the previous week, and the decline rate narrowed.
Looking ahead, as most steel mills turn losses into profits, there are still companies that will resume production one after another. At the same time, demand resilience in the off-season is insufficient, and inventory depletion may slow down. In addition, there are many uncertain factors at home and abroad, commodity prices are under pressure, the market sentiment is more cautious, and short-term steel prices may be adjusted within a narrow range.
The current situation of China’s domestic steel market this week: Due to the increasing downward pressure on the domestic economy and
This week, China’s domestic high temperature, and affected by the off-season of the steel market, the demand for steel has shrunk,
This week, the output of China’s five major types of steel was 8.9713 million tons, an increase of 140,300 tons from
The fundamentals of supply and demand in China’s steel market further improved this week. The sharp reduction in production by steel