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It is expected that the steel price will not fall sharply

Posted:2020-07-20 16:38:24

Although the short-term steel demand shows a weak level in the off-season, considering the sustained recovery of domestic economy and the investment in infrastructure construction in the third quarter, when the heavy rainfall weather in the Yangtze River Basin is gradually over, there is no need to worry about the sustained sharp decline in steel demand. At the same time, the price of raw materials is rising. In July, the steel mill is frequently limited in production and maintenance, and the overall steel output in the later stage may continue to decrease slightly.
steel price

Therefore, it is expected that the steel price will not fall sharply. After the adjustment of steel price in the early stage of this week, there will be a small upward space within 7 usd per ton. There is still differentiation among varieties and regions, and building materials are weaker than steel plate.


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