Review of the steel market last week, steel prices showed a decline in the running trend, steel composite price index fell 121 points, thread and wire fell 164 and 177 points, respectively, heavy plate, hot rolling, cold rolling fell 64, 115 and 81 points; In raw fuels, the iron ore dollar index fell 11 dollars, the steel scrap price index fell 83 points, and the coke composite price index fell 81 points.
Looking forward to this week's steel market, or show a strong trend of shock operation, the main reasons: first, the macro economic stabilization policy continues to increase the introduction, landing, the effect gradually appeared; Second, the pressure of steel supply and demand began to appear, on the one hand, the supply increased significantly from the previous quarter, on the other hand, the spread of the epidemic, typhoon transit, affect the demand, supply and demand or in weak balance; Third, due to the obvious decline of finished products, coke prices started a new round of decline, while iron ore is expected to strengthen, forming the interaction between raw fuel and finished products.
Macro: with the relief of high temperature, power supply and demand tend to balance good production recovery. With the initial policies into the effective period, infrastructure investment, consumption and other demand indicators are expected to continue to pick up, forming a driving effect on industrial production. And the pandemic remains the most important factor in the short term. In addition, the domestic service demand growth is relatively weak, expanding consumer demand is the current economic stability of the urgent task to restore growth.
