The supply demand game is obvious, and the steel market is expected to shock and rebound

At present, the international external environment is still complicated, the global economy is entering the slow period of growth, the PMI of the European and American manufacturing industry continues to be weak, and the downward pressure on the world economy is constantly prominent. Caused a certain pressure. Since the beginning of this year, my country has strived to promote the overall economic operation, the trend of economic operation has risen, consumer demand has gradually expanded, industrial production has gradually resumed better, and the willingness to expand production and equipment upgrades has continued to increase.
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Judging from the data survey of entrepreneurial questionnaires in the first quarter of the central bank, the macroeconomic and weakness, the corporate economic prosperity has rebounded slightly, but the profitability is still facing a test. For the steel market, the demand for manufacturing steel has also begun to weaken. At the same time, the demand for infrastructure for steel release is less than market expectations, which also affects the mentality of market merchants.
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In the short term, the domestic steel market will present a pattern of “short -term various factors disturbances, continuous high supply release, demand release is not as good as expected, and cost support has become weakened.” From the perspective of the supply side, although raw materials and steel prices have shown simultaneously, the short -term profits have also improved, making the production of steel mills resilient, and the supply side will show a situation of high slight fluctuations.
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From the perspective of demand, due to the influence of large -scale rain and snow weather, the release of downstream demand has also been restricted, and the rhythm of steel de -warehouses began to slow down. From the perspective of cost, due to the re -attention of the price of iron ore, the price of raw materials has also fallen, and the cost support has also weakened. From the perspective of the news, the sound of the attention of the Development and Reform Commission for the price of iron ore to reduce output has increased the influence of the steel market disturbance in the short term, and the uncertainty of the market increases. The domestic steel market will show a shock rebound this week (2023.4.10-4.14), and the degree of demand release will determine the height of rebound.