INTEGRITY

Has the US interest rate hikes have passed? Steel factory reduction is real?

From the current point of view, the short -term market has entered the rhythm of a small rebound after overtaking. How strong is the intensity depends on the internal and external market environment. The peripheral Federal Reserve raised interest rate hikes, the internal economy, the third round of real estate financing expansion, and the reappearance of the steel mills reduction, and the long -term stop loss binding to the short -term profit was profitable. Together, it has promoted the situation of stabilization and local rebound.
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A number of steel companies have announced that they have increased their production reduction in measures such as suspension of blast furnaces, reducing loads, reducing scrap steel, and end -end maintenance in advance. From the current point of view, whether it is a billet or a material, the increase in losing pressure is increasing. The market environmental turns forced steel mills to further take measures to rescue themselves.
(If you want to know more about the industry news on z shape steel sheet pile, you can contact us at any time)
The Fed announced the 75 basis points of interest rate hikes, raising the federal fund interest rate target range between 3.75% and 4.00%, and continued to implement the shrinkage according to the original plan. This is the sixth interest rate hike this year, and it is also the fourth consecutive interest rate hike 75 basis points. The time to slow down interest rates may appear at the earliest meeting, as soon as the December or February meeting will slow down the pace of interest rate hikes. Although interest rate hikes will continue, in terms of comprehensive, the interest rate hikes of the Federal Reserve may already be topped. Obviously, this interest rate hike has not been stronger to steel fluctuations twice.
(If you want to get the price of specific steel products, such as z dimension shape type cold formed sheet pile, you can contact us for quotation at any time)
From the perspective of the market operating situation today, the steel market is generally stable, with local rise and fall, and changes in the range of 10-30 yuan up and down. In general, low -priced transactions are acceptable, but after the quotation is increased, the market is generally cautious and confidence is not very strong. Continue to fluctuate steadily.

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Post time: Nov-04-2022

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