Market price operation of the steel industry

On August 20, the steel price index was 1281.74, a week-on-week decrease of 13.89, a decrease of 1.07%; a year-on-year increase, a year-on-year increase of 37.67%.
This week, steel prices have been adjusted as a whole. The national steel price index reported 5677 yuan/ton, a decrease of 92 yuan/ton or 1.59% from last week.
In July, the national crude steel output fell sharply by 8.4% year-on-year to 86.79 million tons, and the expected production restriction was confirmed. The strong steel price operation in the early stage was based on the good supply and demand expectations of the "Golden Nine", but the demand for steel has not improved significantly, and various macro data are also significantly lower than market expectations, especially the new real estate construction started in July compared with the same period last year. A decline of 21.5% is a major blow to the recent market sentiment. The downward industrial and macro-resonance triggered this round of steel price decline.

At present, the national epidemic has been basically under control. It is expected that the resumption of work and production will be the main theme of the government’s economic work. Some regions are also calling for speeding up the start, construction and rush of various projects as soon as possible. Therefore, with the strong support of the state, there is no need for excessive demand in the later period. Pessimistic. It is expected that from the end of August to the beginning of September, steel prices may usher in a rebound.