My Steel: At present stage, the overall supply and demand contradiction in the market is not sharp,since the profits of enterprises with too many varieties and short processes are not optimistic, the production enthusiasm of the supply side is currently not high. However, as the price of raw materials continues to fall,perhaps the production output will be increased after the end of May. On the other side, the all of social storage resources continue to keep declining,although the recent increase in rain in the southern region has caused a dramatic decline in demand, the recent price fluctuations have also increased speculative transactions in the spot market. In conclusion,domestic steel market prices may continue to be in a weak adjustment state during a short-term,and the substantive transaction is still unclear.
Han Weidong, Deputy General Manager of Youfa Group: The most difficult time for the market is almost to pass,though there is still an off-season, how can the off-season compare with the difficulties in April and May? The earlier harvest in this year is that we have done winter storage correctly.After the Spring Festival, there are less market opportunity, very hard to do. Now the market has given us another chance, a reasonable valuation price, a peace chance before demand recovery. Despite we are facing many complex factors around, the main contradiction in the later period is the rapid development of the economy, the inherent resilience of the Chinese economy and the next policy, with the hard-working people,everything will be fine! must! Before the Spring Festival, the price of strip steel fell from 5,700 yuan to about 4,600 yuan, and then fluctuated around 4,600 to 4,900. Now, the price has returned to this range. Business as usual, be patient!
Post time: May-23-2022