Steel mills plummeted 130! The main force of coke fell nearly 120! Will steel prices continue to fall?

With the introduction of a number of favorable macro policies, the central bank, the China Securities Regulatory Commission and the China Banking and Insurance Regulatory Commission continue to play a policy-oriented financial role, support the construction of infrastructure and major projects, adhere to the positioning of “housing and housing, not speculation”, maintain reasonable and moderate real estate financing, and vigorously support new energy vehicles The development of consumer finance, pension services, etc. will expand the domestic demand for steel products, which will benefit the price trend of steel products.
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The various costs of coke enterprises have increased, and they still send letters to increase the increase, but the rate of increase is a few days slower than before. The market still cannot hinder the increase of coke. The ex-factory prices of enterprises are mainly lowered. If the increase of coke falls to the ground, the support of the cost side will be stronger, which is good for the rebound of steel prices.
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According to statistics, as the traditional Chinese New Year approaches, the proportion of construction projects that are suspended ahead of schedule increases, and half of the projects will not be suspended, but the proportion decreases. In addition, after the epidemic, the control of various places has been relaxed. After three years of the epidemic, many migrant workers have to go home to celebrate the New Year. At that time, the progress of the project will also be restricted, and the purchase of steel will decline, which is negative for the steel price trend.
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In the off-season, the weather is getting colder, and the progress of construction and engineering projects is slowing down. At the same time, as the Chinese New Year is approaching, more migrant workers return home, and the terminal purchase volume continues to decline.