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Many major projects will start steel prices will be affected

2019-10-29 15:17:59
Starting from tonight, there will be a strong cold air coming. Temperatures across the country will drop significantly. The cooling rate is between 8 and 10 degrees Celsius. There will be sporadic light rain in most areas tomorrow. The weather will be colder on weekends and frost will be found in many areas. Wholesale steel plate manufacturer - Zherui Steel reminds you to pay attention to prevent colds!
Demand for the popular market this week was mainly good, stocks fell rapidly, and the pressure on steel prices fell. However, with the approach of winter and the intense cold air attack, the demand for steel was unstable and lasting. Companies tend to be cautious. In the short term, shipments are still the main trend. It is expected that today's steel plate price shock will be weakened and stability will fall (range 10-20 yuan / ton.
The main reason: With the help of local government special debt, more and more major projects have started. Jiangsu, Hubei, Jiangxi, Henan and other places have launched major projects with investment of tens of billions of yuan. In which the local government applied for new projects with a year-on-year growth rate of over 28%, and continued to increase from September to the present, the regional project investment intentions continued to pick up.
In general, the current market for steel plates is not fundamental, and steel mills will resume production or continue to increase production next week. The infrastructure construction is weak, the demand is not too low, the inventory and downtrend are slowed down, the steel price and vibration structure are maintained, and the up and down adjustment is not large. Finally, the market rhythm is grasped and operated according to needs.