May steel price trend early warning: supply and demand improve shock rise

sharply in April.

Supply analysis: crude steel Nissan continues to pick up and steel exports remain low.

Demand analysis: the rapid release of terminal demand and the continuous drop in social inventories;

Cost analysis: iron ore shock coke continues to fall, profits of steel enterprises return to high position;

Macro analysis: real estate investment exceeds expectations and policies gradually return to loose.

Comprehensive view: the current domestic steel market supply and demand is still healthy, demand release continues to accelerate, supply is slowly released by environmental protection disturbance, and social inventory has fallen to a reasonable range. At the macro level, the Political Bureau of the Central Committee of the CPC put forward the policy of continuously expanding domestic demand and reducing the reserve requirement ratio of the central bank. In the industry and the macro good resonance driven, it is estimated that domestic steel prices will continue to rise in May.

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Post time: May-14-2018
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