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 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.
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