2022 is coming to an end, the steel market may end in shock

2022 has come to an end, and there is less than a week to come to an end. Steel prices, which have been rising continuously recently, have also begun to slow down, gradually turning to volatile market.
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Recently, the biggest feeling of visiting the steel market may be “deserted”. From the few trucks pulling goods in steel warehouses to the steel trading companies that have holidays in advance, there is no such thing as a hot scene of stockpiling needs before the year.
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Although the current demand is weak, with the improvement of the overall macro environment, the expectation of steel demand in the later period is still relatively strong. Recently, with the continuous rise of steelmaking costs, the losses of steel mills have continued to expand, so the supply of steel has remained relatively low. According to data from the China Iron and Steel Industry Association, in mid-December, key statistical iron and steel enterprises produced a total of 19.6382 million tons of crude steel and 19.1551 million tons of steel products. Among them, the daily output of crude steel was 1.9638 million tons, a decrease of 1.15% from the previous month.
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At present, the market is still facing the contradictory problem of “strong expectations and weak reality”. While the market is optimistic about the further enhancement of expectations, it also promotes the continued strength of the black market, but the ability to accept high-priced resources is limited. From the spot point of view, steel prices are still difficult to drop, and it is expected to continue to fluctuate slightly, or continue to follow the market to continue the upward game.