The demand situation in China's steel market during the March peak season will be the key factor.
After the Spring Festival holiday, due to the uncertainty of actual demand, the market price has remained stable compared to the level before the holiday.
Looking ahead, due to the slow growth in supply and the strong demand during the traditional peak season, the price trend may first decline and then rise. The specific performance will depend on the sales situation in March.
During the holiday period, the upstream steel mills showed different situations; the production of blast furnaces remained relatively stable, while electric arc furnaces generally stopped production due to cost factors.
Overall, the production profits of steel mills are limited, and as the carbon reduction policy continues to be implemented, their resumption work is being carried out cautiously. Therefore, the overall output will remain at a low level in the short term.
In terms of market sentiment, most Chinese suppliers hold a cautious optimistic attitude. The price of the construction steel market remains stable, which is supported by policy costs and the upcoming peak season demand.
Looking ahead, due to the slow growth in supply and the strong demand during the traditional peak season, the price trend may first decline and then rise. The specific performance will depend on the sales situation in March.
During the holiday period, the upstream steel mills showed different situations; the production of blast furnaces remained relatively stable, while electric arc furnaces generally stopped production due to cost factors.
Overall, the production profits of steel mills are limited, and as the carbon reduction policy continues to be implemented, their resumption work is being carried out cautiously. Therefore, the overall output will remain at a low level in the short term.
In terms of market sentiment, most Chinese suppliers hold a cautious optimistic attitude. The price of the construction steel market remains stable, which is supported by policy costs and the upcoming peak season demand.
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