Forecast: high cost and weak demand, steel market fluctuates at a high level

For the domestic steel market, with the implementation of various macro policies, governments in many places have also started this year’s investment plan as soon as possible, which will play a positive role in the confidence and expectations of the domestic steel market. At the same time, due to the strengthening of cost support, domestic The steel market also fluctuated and rose accordingly.
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In the short term, the “winter storage” market in the domestic steel market has already started, and the inventory of steel mills, social inventory and steel prices are in a situation of simultaneous rise. From the perspective of the supply side, due to the two-way squeeze of raw materials and steel prices, the pressure on steel enterprises to lose money has increased, thus restricting the release of production capacity, and the supply side will show a downward trend of pressure.
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From the demand side, some steel mills have released winter storage prices, but they are generally higher than market expectations, and steel traders have limited acceptance, which restricts the release of winter storage demand, but there is also a phenomenon of “silent” winter storage in the market.
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From the perspective of cost, the release of production capacity of steel mills has slowed down, but the price of raw materials has shown a “seesaw” phenomenon, the price of coke has dropped significantly, and the price of iron ore has strengthened again. Strong, and the willingness of steel mills to stand up for prices is also more obvious. It is predicted that this week (2023.1.9-1.13) the domestic steel market will show a high and slightly volatile market.