The positive and negative factors are intertwined in the current steel market

Steel distributors and industry insiders believe that the current steel market’s positive and negative factors are intertwined. From a positive perspective, the total investment in major projects across the country increased by 96.6% month-on-month in September. After the "Double Festival", the volume of steel transactions increased significantly, supporting the strengthening of spot prices. With the increase in downstream demand, there is still room for steel prices to rise later.

From a negative point of view, steel stocks have increased significantly after the "Double Festival", and the pressure of destocking remains unabated; real estate industry policies have tightened; steel output has remained high; after the fall and winter, construction in the northern region will face unfavorable factors such as stagnation, which will bring a callback risk to the later steel prices.