Insufficient demand is the main line, the domestic steel market will bottom out again

The market price of major steel varieties has fallen. Compared with last week, the rising varieties have decreased, the flat varieties have decreased, and the decline varieties have increased significantly. Two varieties rose, a decrease of 11 species last week; no variety was flat, a decrease of 13 species from last week; 41 varieties fell, an increase of 24 species from last week. The domestic steel raw material market fluctuated, the price of iron ore fell by 50-80 yuan, coke prices rose 200 yuan, scrap prices fell by 20-40 yuan, and the price of billets fell by 140 yuan.
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At present, supporting private investment and increasing urban renewal investment will become an important measure to make up for the lack of steel, thereby driving the demand for domestic steel to gradually come out of the trough. For the domestic steel market, the Fed’s insufficient demand for violence and the demand for off -season has significantly affected the confidence in the domestic market.
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From the perspective of the supply side, due to the continuous raising of coke prices in the near future, most of the steel mills have already been on the edge of profit and loss. Steel manufacturers have fallen into a dilemma of price and reduced production. The release of short -term steel production capacity will be under pressure. From the perspective of demand, although all departments and provinces and cities are actively implementing a package of stable economy, whether it is expanding effective investment or promoting various consumption, they are going all out to accelerate the implementation of the steady growth policy, but the steady growth is stable growth. When the landing cycle encounters the low season of traditional demand, the domestic steel market shows a significant situation of strong expectations of weakness.
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In the short term, the domestic steel market will show insufficient demand as the main line, the cost support is the bottom line, and the stable growth is expected to be traction. It is predicted that this week (2022.6.20-6.24) the domestic steel market may show a weak bottoming out quotation.