Steel billet increased 30 yuan! What is the future trend of steel prices?

The property market data in July continued to improve marginally, but both supply and demand were weak, and market transactions were still poor. It is expected that short-term steel prices will mainly fall.
Factors that affect the price of steel:
1: House prices in first-tier cities rose slightly in July
Since the beginning of this year, the overall real estate market has shown a downward trend, real estate investment has also declined, and related consumption has also been adversely affected. With the introduction and advancement of a package of policies to stabilize economic growth, the current property market data has improved marginally and is in the bottom-building stage as a whole. The recent proposal of “guaranteeing the property handover”, the establishment of the property market bailout fund, etc., the long-term mechanism of the real estate market has been continuously improved, the effect of city-specific policies has gradually emerged, and the real estate market is expected to stabilize gradually, and the boost to market confidence is expected to gradually strengthen. Good for steel prices.
(To learn more about the impact of specific steel products, such as carbon galvalume steel coil, you can feel free to contact us)
2: The National Development and Reform Commission will promote the early start of construction of a number of major projects in the second half of the year
The National Development and Reform Commission held a press conference in August. Luo Guosan, director of the Fixed Assets Investment Department of the National Development and Reform Commission, said that in the second half of the year, relevant parties would be coordinated, various approval procedures will be accelerated, and all preparatory work will be done well before the start of construction, and a number of major projects will be launched as soon as possible. Overall, it is conducive to the implementation of the project, the formation of real steel demand, and good steel prices.
(If you want to know more about the industry news on prime galvalume steel coils, you can contact us at any time)
3: Development and Reform Commission: Make good use of policy-based development financial tools to promote consumption recovery in key areas
Comprehensively implement policies to expand effective demand, give full play to the role of the coordination mechanism for promoting effective investment in important projects, make good use of policy-based development financial instruments, and promote the recovery of consumption in critical areas. It is beneficial to improve work efficiency in related fields, form more physical workload as soon as possible, boost steel demand expectations, and benefit steel prices.
(If you want to get the price of specific steel products, such as galvalume steel sheet/coil, you can contact us for quotation at any time)