• facebook
  • linkedin
  • twitter
  • youtube

Recent market conditions

Recently, the price of strip steel has fallen significantly, two days of a decline of 80 yuan/ton, the decline and the internode increase is basically consistent. It is reported that today and yesterday, the strip steel appeared so large decline, mainly due to the epidemic distributed in many places, the demand side performance is weak, the futures side is substantially weaker, most of the business mentality is negative impact. According to today’s survey data show: strip steel start small fluctuations, operating rate at the normal level; Social inventory slightly decreased, strip inventory is generally low level; The cost of molten iron continues to decrease, and the loss degree of strip steel increases; Downstream galvanized strip orders and raw steel inventory increase, strip demand slowly release. Thus, the current fundamental contradiction is not outstanding. Under a series of steady growth and relaxed real estate policies promulgated by the state, the subsequent superposition of the autumn and winter heating season production limit policy, as well as the convening of the 20th National Congress and other favorable factors for the steel market, the continuous decline of the strip steel price may not be feasible. However, with the frequent occurrence of multiple outbreaks, the release of demand is bound to be affected to some extent. Moreover, coupled with the uncertainty of autumn and winter production limits, the range of steel prices will also be restricted. Therefore, in the short term, the strip price or shock partial strong operation, rise and fall range are limited.


Post time: Oct-12-2022