Marine steel price forecast next week

With the end of the "100th Anniversary of the Communist Party of China", the impact of supply and demand on the marine steel price has become more prominent in the context of the lack of good news on the macro side.

From the perspective of demand, affected by the high temperature and rainy season, market transaction volume has further fallen, and the pressure of weakening demand will continue. At the same time, although there is no news of further tightening of environmental protection restrictions, steel mills have increased their willingness to repair and reduce production when their profit margins are limited. The weakening of supply and demand means that the overall fluctuation of steel prices is not large, and costs are still supported, and the market with tops and bottoms will continue. It is expected that the marine steel price next week is expected to gradually fall after a small rise at the beginning of the week.

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