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A36 building steel is expected to usher in valuation repair
From the recent economic data released in July, the real estate and infrastructure data performed well, which provided a very strong demand support for steel. On the other hand, the rising space of A36 building steel supply is limited. A36 building steel price is expected to continue to strengthen after mid August, and A36 building steel is expected to usher in valuation repair.
In the short term, iron ore prices may remain strong against the background of Australia Pakistan shipping volume falling, port dredging volume high and port special ore inventory declining. However, in the medium term, the ore shipment volume of the four major mines to China in the second half of the year will increase by 7 million tons. It is expected that the tension between iron ore supply and demand will ease in the future, and iron ore prices are expected to gradually fall down.
After the flood, infrastructure projects are expected to be started intensively. In late August, the overall demand for A36 building steel is further increased by 10% compared with the current demand. The price of A36 building steel is expected to continue to strengthen after the middle of August. The fundamentals of A36 building steel are expected to continue to improve in the third quarter, and the A36 building steel plate is expected to usher in valuation repair.