INTEGRITY

Low price demand is clearly released, and the steel market or the current disadvantaged rebound

At present, because the inflation pressure of countries around the world is still large, there are 75 basis points in the Fed and the British Bank of the United Kingdom. Later, the UAE and the Saudi Central Bank raised interest rates at the same pace. Due to the continuous impact of the external wave of interest rate hikes, the expectation that the global economy will enter a recession has become stronger. The new order index in the manufacturing industry has declined significantly, indicating that the pressure of demand shrinkage is still obvious.
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For the domestic steel market, due to the continuous implementation of a policies for steady growth and the continuous implementation of multi -way funds, infrastructure investment will maintain a high growth rate, which has formed a wave of concentrated construction of many places and multiple projects again, but with it, with the time, with the concentration of multiple projects, but with the concentration of multiple projects, but with the concentration of multiple projects, it will concentrate again. In the winter of the northern winter, the effective construction time will gradually decrease. The demand for work in off -season will be released limited, and the trend of weakening the seasonal demand for building steel will appear.
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From the perspective of the supply side, due to the expansion of the loss of steel mills again, the efforts to reduce production and production of steel mills are increasing, but due to the sharp decline in scrap prices, the profits of electric furnace plants have improved. The progress of the short -term supply will show a slight decline.
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From the perspective of demand, the release of steel demand for manufacturing has slowed down, and the release of infrastructure steel needs will be affected by the seasonal off -season. The demand release is sufficient, and it also meets the release of the needs of work.
From the perspective of cost, due to the acceleration of the maintenance and reduction of steel mills, the price of raw materials is obviously acting, which has obviously weakened cost support. In the short term, the domestic steel market will face a slight decline in short-term supply, the demand for low prices is significantly released, the release of terminal demand is weaker, and the cost support is obviously weakened. Continue to show a weak shock, but it does not rule out that there are low rebounds in individual areas and varieties.

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Post time: Nov-07-2022

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