This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak, resulting in an increase in in-plant inventories. The recent strong operation of steel prices is mainly due to the approaching of the traditional peak demand season in September and the introduction of a series of policies and measures to stabilize growth, which has boosted market sentiment.
        Since steel demand has not improved substantially this week, short-term steel prices may undergo shock adjustments. If the “strong expectations” on the demand side in the construction season can be fulfilled, there may still be room for a rebound in steel prices after the adjustment.