This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
The fundamentals of supply and demand in China’s steel market further improved this week. The sharp reduction in production by steel mills in the early stage led to an accelerated decline in inventories, which also supported a rebound in steel prices.
In addition, it is expected that the profits of steel mills will improve, and there is a possibility of resumption of production. The price of raw and fuel futures such as iron ore has risen significantly, driving up the cost of steel.
On the whole, there may still be room for a repairing rebound in short-term steel prices.
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