The steel market is expected to fluctuate upwards for a long time

On the whole, driven by economic stimulus policies, capital markets and commodity prices have continued to rise. The domestic market generally has good expectations for the beginning of the "14th Five-Year Plan". As major engineering projects in various regions enter the implementation stage, downstream steel demand will gradually be released, and the domestic steel market will enter the inventory decline channel.

Driven by costs and demand, steel prices still have room to rise. However, the current steel price has increased significantly, and the downstream demand capacity is obviously insufficient, and the high risk is increasing. It is expected that the steel market will fluctuate upwards in the long-term, and there will be adjustment pressures in the short-term.

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