Analysis Of Factors Affecting Steel Prices This Week

Analysis of factors affecting steel prices this week: 1. Macroeconomics: US economic data is weak, inflation has an upward risk, July-August is still the verification stage of tariff risks on inflation and economic performance, which needs to be observed, and sentiment is expected to fluctuate; the third batch of consumer goods replacement funds will be issued in July, which is good news, but the boost is limited. 2. Supply side: This week, the average daily molten iron output increased by 1,100 tons to 2.4229 million tons, and the output of the five major materials increased by 124,800 tons to 8.8099 million tons. The increase in molten iron supports raw materials, but it is highly inhibitory to the rise in steel prices. The price of color-coated steel coils rose and fell by 10-30 yuan this week.
3. Demand side: The total inventory of the five major materials increased by 11,400 tons to 13.4003 million tons, and the apparent demand decreased by 43,300 tons to 8.7985 million tons. The decline in apparent demand is not conducive to the rise in steel prices. Jingtai Factory mainly produces PPGL.PPGI.GI.GL. If you happen to have a demand, please contact us.