This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
This week, China’s domestic high temperature, and affected by the off-season of the steel market, the demand for steel has shrunk, the toughness is still insufficient, and the market sentiment is weak.
At the same time, steel mills have resumed production and the destocking speed has slowed down, which has also pushed up the cost of raw and fuel procurement.
In addition, most steel mills are currently in a state of low profit, and the prices of mainstream steel mills such as Shagang and Zhongtian Iron and Steel remain unchanged, which is conducive to market stability. In the short term, steel prices continue to fluctuate, with little room for ups and downs.
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