With the introduction of policies and strong guidance, the shock of the steel market is gradually rising

The market price fluctuations of major steel products tended to be stronger. Compared with last week, the rising varieties increased significantly, the flat varieties decreased, and the falling varieties decreased. The domestic iron and steel raw material market rose steadily, with iron ore prices rising by 25 yuan, coke prices rising by 50 yuan, and billet prices rising by 30 yuan.
(To learn more about the impact of specific steel products, such as Hot Rolled Steel Sheet Supplier, you can feel free to contact us)
In the first half of the year, under the complex and severe external environment, as the economy and society fully resumed normal operation, macro policies took effect, market demand gradually recovered, production and supply continued to increase, the overall economic operation rebounded and improved, and high-quality development steadily advanced. However, we must also see that the interest rate hike expectations of European and American countries are strong, the political and economic situation in the world is complicated, and the foundation for the sustained recovery and development of the domestic economy is still not solid.
(If you want to know more about the industry news on Hot Rolled Steel Sheet, you can contact us at any time)
In the short term, the domestic steel market will show a pattern of “the overall economic recovery is positive, policies are intensively introduced and implemented, market confidence is obviously boosted, and the off-season effect restricts demand”.
(If you want to get the price of specific steel products, such as Hot Rolled Steel Sheet Metal, you can contact us for quotation at any time)
From the perspective of the supply side, due to the introduction of policies and the impact of profit-seeking effects, the willingness to release the production capacity of steel mills is still strong, and the supply side will show a strong release momentum in the short term.

From the demand side, since the impact of weather factors on most areas is still relatively significant, the south has entered the “typhoon season”, and the north will also start the “rainy season”, which will continue to have obvious constraints on the construction progress of outdoor projects.
From the perspective of cost, iron ore prices have risen steadily and the price of coke has risen in the third round, all of which have made cost support stronger. It is anticipated that this week (2023.7.24-7.28) the domestic steel market will show a market that fluctuates and becomes stronger.