The market turnover is getting warmer, the steel market will fluctuate and rise

In the sixth week of 2023, the price changes of steel raw materials and steel products in some regions in China, including 17 categories and 43 specifications (variety), are as follows: The market prices of major steel varieties fluctuate at high levels. Compared with last week, the rising varieties have decreased and remained the same The number of varieties increased significantly, and the number of declining varieties decreased slightly.
(To learn more about the impact of specific steel products, such as Galvanized Steel Coil, you can feel free to contact us)
At present, with the optimization and adjustment of epidemic prevention and control measures, the domestic economy has stabilized at the end of last year, and the end consumer market has stopped falling and is upward, which has also driven the economic recovery at the beginning of this year. At present, it is necessary to continue to implement a package of policies and measures to stabilize the economy, do a good job in the current economic and social development work, continue to consolidate and expand the recovery of economic operation, and actively cooperate with multiple departments to implement policies such as issuing consumer vouchers and car purchase tax subsidies in many places. , Stimulate residents’ consumption and promote economic recovery and development. At the same time, after the Lantern Festival, various localities are also increasing investment in infrastructure projects. The operating rate of major infrastructure projects has gradually picked up, and the resumption of work and production of enterprises has also begun. However, the progress of resumption of work and production is slightly slow, and the recovery of overall steel demand is still insufficient.
(If you want to know more about the industry news on Galvanized Steel Coil Manufacturers, you can contact us at any time)
In the short term, the domestic steel market is affected by various factors such as the risk of global economic recession, the support of the steady recovery of the domestic economy, and the drag on the insufficient recovery of downstream demand.
From the perspective of the supply side, due to the high volatility of steel prices, the relative firmness of the cost side, and the increasing expectations of the demand side, the production enthusiasm of steel mills has become stronger, and the supply side will show a trend of recovery under pressure.
(If you want to get the price of specific steel products, such as Dx51d Z150 Galvanized Steel Coil, you can contact us for quotation at any time)
From the perspective of the demand side, due to the gradual warming of market transactions, market businesses have obvious expectations for the release of demand, but the release of downstream demand is still insufficient. From the perspective of cost, due to the pressure and fluctuation of iron ore prices and the relative firmness of scrap steel prices, the cost support of the short-term steel market is still strong. It is predicted that this week (2023.2.13-2.17) the domestic steel market will fluctuate and rise, but the risk of decline due to insufficient demand cannot be ruled out.