The demand release is expected to exist, and the steel market is expected to fluctuate to explore

At present, the international external environment is still complicated, the growth of world economic growth has slowed, and the problem of inflation in major external economies is still prominent. At the stage, the overall showed stabilization and rebounding trend. Although it exceeded the expected reduction and released the liquidity of 600 billion yuan, the problem of insufficient market demand is still more prominent, and the foundation of the economic recovery is not firm.
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For the steel market, as the first heating in the manufacturing industry has significantly led to the effective return of manufacturing steel demand. At the same time, as major projects from various places have accelerated, the demand for steel for construction has also begun to be released. “At the stage, it shows that the domestic steel market has shifted from off -season to the peak season, but the efforts of downstream demand release are less than market expectations, and the power release of the supply end is beyond market expectations.
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In the short term, the domestic steel market will show that “there is expected economic growth expectations before, and the release of terminal demand is still expected, and then there will be pressure of rapidly releasing supply, and there is a disturbance of financial risk fermentation.”
From the perspective of the supply side, due to the high demand release expectations and the improvement of the profit margin of steel mills, the production enthusiasm of steel mills is still sufficient, and the supply side will show a slightly increasing trend.
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From the perspective of demand, the gradual recovery of the demand for downstream terminals has driven the steel social inventory for five consecutive weeks. However, with the pressure of steel prices and driven by buying up and not buying, the market effective demand release is significantly insufficient.
From the perspective of the cost end, due to the decline in the pressure of steel prices, the price of the raw material side also fluctuated, making the cost support of the short -term steel market showing signs of weakening. The domestic steel market will still show a fluctuating adjustment market this week (2023.3.27-3.31), but it does not rule out the rise in the rise due to market transactions.