The steel market will be rebound in the third quarter.


Since the middle of June, although the domestic epidemic prevention and control situation improved, but in the context of shrinking demand, stable growth pressure is larger, the overall steel market still shows the steel price decline, steel enterprise losses increase, steel inventory increase, the contradiction between supply and demand intensified.

Take rebar as an example, at present, rebar prices have approached the 4000 yuan/ton mark, basically back to the level of early 2021.  In June 2012 to June 2022 in the 10 years, the average price of rebar market in about 3600 yuan/ton, since October 2020 basically did not fall off 4000 yuan/ton, the price center of gravity as a whole, until May 2021 hit a record high.  Now it seems that in the second half of this year, the probability of rebar prices will run between 3600 yuan/ton ~ 4600 yuan/ton.  Whether or not prices have reached a bottom, there are still signs that the market is entering a downturn

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