In the 12th week of 2022, the market prices of major steel varieties in some parts of China fluctuated and consolidated. Compared with last week, the rising varieties decreased slightly, the flat varieties increased slightly, and the declining varieties increased slightly.
At present, the domestic steel market is affected by various factors. The previous meeting of the Financial Committee boosted market confidence, and then the Fed’s interest rate hike process began. High costs suppressed the progress of steel mills’ resumption of production. The trend of the steel market also seems to have reached a stalemate.
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From the perspective of supply, the limited production during the heating season has ended, but some areas are still limited by the weather, but the recovery process of the overall supply side has begun, but due to the high cost and the dilution of steel mill profits, the steel mill’s The progress of capacity recovery is still limited.
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From the perspective of demand, although the downward pressure on the real estate industry has slowed down and infrastructure investment is gradually exerting force, the market is worried that the demand release will be less than expected, and the recurrence of the epidemic will also suppress the progress of normal downstream demand procurement.
In the short term, the domestic steel market will face a situation where the supply is gradually strengthening and the demand is recovering, and the price of steel will fluctuate and rise slightly.
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