The contradiction between supply and demand in the domestic steel market has deepened again

The short-term rebound only lasted for a week, and domestic spot steel prices turned down again. However, under the strong pressure of overcapacity, the release of domestic steel production “can’t be accepted”, and the crude steel output is rising in the “difficult market”, and the contradiction between supply and demand in the steel market is further deepened. .

According to the latest market report, the domestic steel comprehensive price fell again, with a weekly decline of 0.5%. In the last week, due to the stock market crash, the rebar futures in early weeks were significantly lower, the confidence of the spot steel market was shaken, and the spot price of steel returned to the weak after a brief rebound last week. People in the market reflected that the downstream demand of the steel market has not improved, and the funding is relatively tight. Coupled with the current low season of steel consumption, there are more rainy weather in the south, and the contradiction of the fundamentals of the steel market is difficult to be alleviated in the short term.

According to analysis, in the plate market, the price has turned from rising to falling, and the plate price has shown a weekly decline of 10-70 yuan in most markets across the country. Most merchants are not ideally traded, and there are obvious quotations. Disagreement. New sources of goods in Shanghai and other places are still arriving, and the rainy weather is increasing, which will inevitably affect the demand for steel. The wait-and-see mood of the steel market is getting stronger and stronger. Hot-rolled coils are also “before rising and then falling”. Due to the difficulty of the overall market, the interests of steel mills and traders can be described as “seeing the needles and perforating without any holes”. As long as the steel price rebounds even if there is a “flying moment”, some leading steel mills are new. The pricing immediately narrowed the downward adjustment, and even canceled the original preferential policies, which increased the pressure on some agents. At present, the overall shipment is difficult, even if the business offer is lowered, the market transaction has not seen significant volume.

In the construction steel market, prices are also falling again. According to industry insiders, the prices of raw materials such as steel billets and iron ore have once again weakened and the steel market's cost support has weakened. The procurement of construction sites is not good, the situation of funds is still unclear, and the wait-and-see atmosphere of the steel market has become obvious. Such as price cuts, steel traders are certainly reluctant, but some of the tight-funded businesses, in order to ship, they have to cut the offer.

Although some provinces in China have increased environmental protection efforts, the local crude steel output has decreased slightly. However, considering the various factors such as bank loans and marginal benefits, the willingness of steel enterprises to actively reduce production is still relatively low. The contradiction between supply and demand in the steel market is difficult to alleviate. The current steel price has been at a low level since the beginning of the year, and it is difficult to get out of the consolidation pattern in the next step.

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