INTEGRITY

Restarting up production, can the steel V -type rebound, can it last?

On the 18th, the domestic steel city was generally weak operation. The futures market has fallen first and then rising.
Today, the overall market is mainly based on the mainstream varieties, and the mainstream varieties have decreased by 10-30 yuan. Market transaction deviations, overall transactions are average.
(To learn more about the impact of specific steel products, such as Steel H Beam, you can feel free to contact us)
Today, the market is still running under the dual weak situation of supply and demand. With the demand “the general trend has been set”, the market has begun to tend to supply the influence of the supply side on the market. However, today’s market is not affected by Shanxi Iron and Steel production. According to statistics, the overall Shanxi Steel Plant’s production reduction and maintenance affect the iron and water and Cheng materials at more than 40,000 tons/day, but there are both heavy pollution weather production and production restrictions on production. If the steel mill still has a certain amount of profit, it will not be strong for its own production reduction. Policy production restrictions are difficult to pressure, and even individual places encourage steel mills to stabilize the order of production. From the perspective of Tangshan sintering has resumed production, the production period during the conference has not been mentioned in a large area. Instead, in the past few years, the autumn and winter production restrictions have already been fired. This year The downward pressure of the economy is large, and the market cannot be worse due to various limits.
(If you want to know more about the industry news on Galvanized Steel H Beam, you can contact us at any time)
After the economic data is delayed, the market performance is too cautious, and the market is worried about the increase in the future. Although data forecasts continued to improve in September, the market’s expectations for demand to be topped are getting higher and higher. The statement of comparative circulation is that the increase in demand before heating in November is limited, and this winter is early winter. The Spring Festival is also earlier than last year. The high probability of demand in November. However, if combined with the past 6 years, there are many cases of price rising markets in November to December. This year’s environment is more complicated, and the international economy has made the global commodity pattern more disordered, so it cannot be directly linked to the price with simple peak season demand.
The expected market is needed to adjust.
(If you want to get the price of specific steel products, such as Hot Rolled Steel H Beam, you can contact us for quotation at any time)

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Post time: Oct-19-2022

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