The demand for raw materials is re-game, and the steel market is difficult to change the weak situation

The market prices of major steel products fluctuated and fell. Compared with last week, the rising varieties increased significantly, the flat varieties increased, and the declining varieties decreased significantly.
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At present, due to the fact that inflation pressures in various countries around the world are still relatively large, all countries have responded by raising interest rates, but while suppressing inflation, it also limits the release capacity of the demand side. It has also brought a significant impact on the global economy, and the risk of recession in the global economy is still relatively high. For the domestic steel market, with the continuous implementation of the stable growth package policy and the continuous promotion of the implementation of policy funds, the credit in the infrastructure and manufacturing sectors will continue to expand, while the credit in the real estate sector will improve, thereby stimulating effective investment. Accelerating the pace of implementation is conducive to stabilizing market confidence and expectations.
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From the perspective of the supply side, due to the downward pressure on raw material prices and the weak rebound of steel prices, the loss of steel mills has been reduced, and the maintenance and production reduction of steel mills are also undergoing dynamic adjustment. The electric furnace factory is also in a loss again, and the short-term supply side will show a downward trend of pressure.
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From the perspective of demand, for the time point when the off-peak season alternates, the release of steel demand for manufacturing has slowed down, but there is a release of demand for construction projects in some areas, but the arrival of rain and snow in the north will once again affect the release of terminal demand. Strength of.
From the perspective of cost, due to the obvious game between raw materials and steel mills, iron ore and scrap steel prices have strengthened again, while coke prices have fallen under pressure, making short-term cost support still weak. In the short term, the domestic steel market will face a decrease in short-term supply pressure, the demand for rushing projects will be released, the rain and snow weather will affect the release, and the cost support will still be weak. It is predicted that this week (2022.11.14-11.18) the domestic steel market The market will continue to show weak shocks, but there may still be a partial rebound.