This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
The domestic steel market is weak in supply and demand this week, and manufacturers continue to choose to cut prices to destock.
Under the influence of negative factors such as global economic recession expectations, domestic high temperature and off-season, repeated epidemics, and frequent real estate project risks, the market sentiment is pessimistic, and the enthusiasm for terminal purchases is low. Most of the steel mills are still in a state of loss, the supply continues to run at a low level, and the willingness to suppress the price of raw materials and fuels is still strong. It is expected that the weak situation of supply and demand in the steel market will continue, the cost still has room to move down, and the steel price may be weak.
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