SunSirs: In the Short term, the Market Volatility of Mild Steel Plate and Low-alloy Plate is unlikely to Rise
March 22 2023 10:14:47
On March 20, the benchmark price of mild steel plate in Sunsirs was 4440.00 RMB/ton, which was an increase of 3.59% compared with the beginning of this month (4286.00 RMB/ton).
On the macro level, there are many uncertainties in the international market, the domestic economy is in the initial recovery stage, and the market sentiment is still fluctuating; on the supply side, due to the holding of the "Two-Secrets", the output of crude steel in the early stage has been reduced, and the supply of construction steel has also been affected.
Suppression, it is expected that the supply will recover to a certain extent in the later period; on the demand side, the transaction volume in different regions varies greatly, the speed of partial destocking is lower than expected, and some manufacturers are under pressure to withdraw funds; The increase was blocked, scrap steel prices were slightly lowered, and the strength of cost support was slightly weakened.
On the whole, it is difficult for the supply of construction steel to continue to decrease in the later period, and the intensity of demand release remains to be seen. The situation of two-way increase in supply and demand may cause a mismatch, and the disturbance of the capital market will also intensify. There is little chance of market volatility going up.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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