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The supply and demand pattern of the steel industry has room for improvement in April

The supply and demand pattern of the steel industry has room for improvement in April
Apr 06, 2023 page view:336

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Looking ahead to the steel market in April, from a fundamental perspective, in terms of production, blast furnace and electric furnace steel mills will continue to resume production. It is expected that steel production will continue to rebound in April, or exceed the same period last year.

In terms of demand, with the continued efforts of domestic macroeconomic policies and the gradual arrival of special bond funds, the increase in steel consumption may continue to be released under the stable growth of infrastructure; The real estate market may continue to stabilize and improve month on month as investment gradually recovers and completion speed accelerates; In terms of the manufacturing industry, under the active policies of local governments to expand domestic demand and stimulate consumption, the demand for industrial steel is still worth looking forward to.

Overall, there is still some room for a rebound in the supply and demand sides of the steel market in April. At the same time, with the gradual decrease in raw material costs, the production profits of steel mills are expected to slightly improve, and the prosperity of the steel industry may continue to rebound.

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