INTEGRITY

The peak season has not arrived, the price is first, and the steel market is emotionally warmed up

The macro -driving has been increasing, the market stages have been mismatched and emotional has improved … Since mid -February, the steel market has opened up the rising mode, and the price of steel billets has increased by 200 yuan/ton. Steel manufacturers have continued to increase the price of steel. The market continues to heat up in the market in March.
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It is expected to be continuously full, and the price of steel is up sharply
In February, when demand has not yet fully recovered, the market trend is still dominated by macro expectations. Recently, a series of macro -favorable policies have been introduced, including the Political Bureau of the Central Committee of the Communist Party of China, which proposed to increase macro -control, stabilize the overall economic and social situation, and complete economic development goals.
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Driven by demand expectations, spot prices have risen, the market is enthusiastic, and many emotions have improved significantly.
Requirements are gradually starting cost support obviously
Recently, steel shipments have also increased significantly, especially the growth rate of industrial steel.
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Recently, steelmaking costs have also risen, and it has made obvious support for steel prices. Affected by the rise in overseas indexes, the decline in port inventory, and the expected increase in demand, the recent significant increase in iron ore has emerged. At present, iron ore futures and spot prices have exceeded 900 yuan.

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Post time: Feb-24-2023

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