Since February this year, the iron and steel industry has been affected by many factors, such as macro expectations and industrial contradictions. The core is still around the “recovery”. Macro policy, market confidence, the conversion of supply and demand contradictions, and inventory changes are all important influencing factors at present.
After the 15th day of the first month, as the steel plants overhauled during the Spring Festival resumed production, the construction of projects in various places resumed, the steel price rose and the trading volume began to be active.
Under the guidance of strong expectations, the demand release of the steel market was still less than expected, the steel price rose in shock, and the gross profit margin of steel produced by the steel mills was significantly improved.It is reported that the comprehensive price of steel nationwide is 4533 yuan/ton, up 62 yuan/ton from the previous week, and the price of main varieties is mainly fluctuating. In the same week, the domestic blast furnace operating rate continued to rise, the social inventory began to decline, the inventory in the building materials factory rose again, the iron ore, scrap steel and other shocks rose, and the gross profit of the steel produced by the steel factory was significantly improved.
Experts pointed out that the domestic steel market was affected by factors such as the steady growth and strong expectations, the simultaneous acceleration of project commencement and enterprise resumption, and the gradual recovery of downstream terminal demand, but the demand release was less than expected. At present, the profits of steel mills have been significantly improved, the supply side will continue to rise, and the terminal procurement situation will warm up, but the rapid rise of steel prices has restricted the volume of market transactions. It is expected that this week’s domestic steel market will show high volatility and adjustment.
Post time: Mar-01-2023