What is the trend of China's steel price in the second half of 2021

Affected by many factors, it is difficult for the steel price to drop significantly in the second half of 2021, and it will remain high throughout the year.

1. From the perspective of demand, due to the rapid rise of steel price in the early stage, the downstream steel industry such as shipbuilding and home appliances can not bear the continuous high steel price, and it is difficult for the steel price to continue to rise sharply in the later stage.

2. In the long run, the adjustment of iron and steel import and export policy will help to reduce the dependence on imported iron ore and adjust the domestic supply and demand relationship; The new version of "implementation measures for capacity replacement of iron and steel industry" will promote the structural adjustment of iron and steel industry and further improve the concentration.