The expansion of domestic demand boosts confidence, and the steel market fluctuates and strengthens in the off-season

The market prices of major steel products fluctuated and rose. Compared with last week, the rising varieties increased, the flat varieties slightly decreased, and the falling varieties slightly decreased.
(To learn more about the impact of specific steel products, such as Hot Dipped Galvanized Steel Coils, you can feel free to contact us)
For the steel market, the promulgation of various policies to expand domestic demand and the timely adjustment and optimization of real estate policies have played a significant role in driving market confidence, but policy benefits are still subject to the reality of weak market demand.
In the short term, the domestic steel market will present a pattern of “complicated and severe external environment, the introduction of policies to expand domestic demand, the adjustment and optimization of real estate policies, the obvious drive of market confidence, and the obvious constraints of weak demand”.
(If you want to know more about the industry news on Galvanized Steel Coils For Sale, you can contact us at any time)
From the perspective of the supply side, due to the influence of the profit-seeking effect and the growing wind of control, the willingness to release the production capacity of steel mills in the short term has slightly weakened, and the short-term supply side will show high fluctuations.
(If you want to get the price of specific steel products, such as Galvanized Steel Coil, you can contact us for quotation at any time)

From the perspective of demand, due to the frequent impact of “typhoons” in the south, production and work have been suspended in some areas, and “rainy days” are also spreading in the north, and the progress of outdoor construction will be significantly restricted.
From the perspective of cost, iron ore and scrap steel prices have been adjusted slightly, while coke prices have risen in the third round, all of which have made cost support show strong resilience. It is predicted that next week (2023.7.31-8.4) the domestic steel market will show a market that will gradually strengthen amidst the shock.