On the first day after the holiday, can steel prices usher in a “good start”?

The current steel market is in a tight balance between supply and demand, and steel prices are likely to continue to fluctuate upwards due to increased demand.
In August, the year-on-year increase in CPI declined, and prices continued to run within a reasonable range. It can be seen from the trend of PPI that the year-on-year increase in the ex-factory prices of industrial products continued to decline, and the scissors gap between CPI and PPI continued to narrow, which is conducive to boosting consumption and releasing market demand.
Recently, iron ore prices have been relatively strong, blast furnace operating rate and capacity utilization have continued to rise, and the average daily output of molten iron and crude steel has continued to increase. Supported by the demand under the resumption of steel production, iron ore is relatively strong in the short term, and the downside is relatively limited.
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Steel inventories fell for 12 consecutive weeks, indicating a gradual release of market demand. The decline in building materials was smaller than that of the hot coil, reflecting that the property market was still sluggish, but the manufacturing industry was recovering well, and demand remained stable and increased.
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Recently, local governments have frequently issued new policies for the property market, superimposed infrastructure construction has accelerated, and the manufacturing industry has been steadily improving. In the short term, the demand for the steel market is expected to be released faster. At the same time, the supply is relatively stable, the inventory continues to decline, and the supply and demand of steel rise.
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