How Will The Price Of Steel Coils Perform After The Sharp Drop?

Since mid-July, the arrival volume of iron ore in 45 ports has shown a downward trend, with a drop of about 4 million tons from the high level, alleviating the impact of demand contraction caused by blast furnace maintenance. Judging from the estimated arrival volume from the shipment, the downward trend of arrival volume will be broken in the next two weeks, and the arrival volume will gradually recover. In addition, in terms of shipment, after the maintenance period of Australian mines in August and September, the shipment volume will also gradually recover. Therefore, the supply pressure of iron ore is expected to gradually recover, and the current port inventory of 150 million is already an absolute high in history. Against the background of blast furnace production reduction, iron ore supply increases, and demand decreases, the fundamentals are generally bearish, and the ore price is weak.
In July, my country's plate exports remained stable and improved, which to a certain extent alleviated the pressure of steel demand in the domestic off-season. Since the beginning of this year, my country's direct and indirect exports of steel (automobiles, white appliances, etc.) have all shown good resilience. On the one hand, it is due to the rapid development of my country's manufacturing industry, and the export of automobiles and home appliances has improved; on the other hand, it is due to the continuous decline of my country's steel prices. Under the situation of price-for-volume exchange, my country's steel exports have increased significantly year-on-year. However, since August, the voice of international anti-dumping has become louder and louder. At present, European and American countries and Asian countries, led by the United States and Vietnam, have launched anti-dumping investigations. Next, my country's steel exports will face a great test.
There is no obvious good news in macroeconomics recently. The market pricing power still needs to be dominated by the industry. At present, the impact of the national standard switching event has subsided, but the aftermath is still affecting the downstream spot. With the continuation of steel production maintenance, the spot price of rebar has stabilized. With the rebound of technical aspects, the short-term resonance is upward, but the market lacks the momentum for growth. It is difficult for the industry and the macroeconomics to form synchronization. At present, we need to pay attention to the implementation of special bonds and other favorable policies in the third quarter. At present, the market is treated as a rebound. It is expected that the price of aluminum-zinc steel coils will increase by 20-30 yuan this week. Jingtai Company mainly produces PPGI PPGL GI GL products. If you happen to have needs, please contact us. We will provide high-quality products and services.