A new round of production reduction is coming? Can the market improve?

Today, the price of steel prices is mainly declined, and the price of various varieties will continue to move down. From the perspective of varieties, most steel species have declined by 20-40 yuan, and a few markets have fallen by more than 50 yuan. Individual markets have reached 80 yuan.
Today’s market wind direction has not changed, and prices in various places have moved backwards. The market rhythm has changed rapidly this week, with a faster decline and a large range. Many varieties such as threads and hot rolls in mainstream markets have fallen by more than 100 yuan compared with last week.
(To learn more about the impact of specific steel products, such as Prepainted Steel Coil, you can feel free to contact us)
Affected by the profitability of profits, increased inventory pressure, downturn demand, and capital flow. Today, steel mills have begun to launch production reduction plans. If the policy pressure is introduced together, a round of production will be reduced in North China, East China, and South China. If the production is reduced, the short -term is not good for raw materials such as iron ore, especially the iron ore still has room for decline, and the materials are also affected by raw materials. However, in the middle and long term, the reduction of supply is conducive to the re -balance of supply and demand in the environment of weak demand, and the price of benefits.
(If you want to know more about the industry news on Prepainted Galvanized Steel Coil, you can contact us at any time)
From the current point of view, the market is still relatively disordered. Various resources and different prices in the price decline have appeared one after another, and there is no effective stability. Today, steel mills are obviously in a state of supplementation, and the decline in building materials factories is generally higher than the spot market quotation decline.
(If you want to get the price of specific steel products, such as Prepainted Galvanized Coil, you can contact us for quotation at any time)
At present, the factors of market sharpness and air are mainly the actual actual demand of the terminal. East China and South China have increased rainfall, total output increases slightly, and the inventory has slowed down. Due to the expansion of the basal difference to 100-120, the speed of the disk decline is likely to slow. It does not rule out the appearance of the weak rebound after the fall, which drives the spot price to temporarily stabilize.