Two factors caused the overall efficiency of the steel industry to decline in the first quarter
Meng Hao pointed out that in the first quarter, under the background that China's economy remained generally stable and stable, the real estate, railway infrastructure and home appliances industries in the downstream steel industry achieved rapid growth and promoted the growth of steel consumption.
The macroeconomic situation has generally maintained a stable operating situation
Meng Hao first introduced the five aspects of China's economic operation in April, the full implementation of the market access negative list system, the implementation of the rural revitalization strategy, the new urbanization construction and the construction of the social credit system.
America, Canada, and Mexico reached an agreement to cancel the tariff on steel and aluminum
The US Trade Representative Office issued a statement on the 17th that the United States and Canada and Mexico agreed on the same day that the United States canceled the tariff on steel and aluminum in these two countries.
Prices will fluctuate slightly in late May
In the past month April, the cold and hot rolled coil market generally showed a volatile operation trend, and the price of hot rolled coil was significantly higher than that of cold rolled coil.
Economic development has resilience
Today, traders are cautious about the operation of the steel market in the later period, and do not dare to rush to stock up; downstream end users generally purchase on demand, not willing to prepare more materials;
Faced with changes in the steel market, steel traders must have confidence
Recently, Ren Qingping, chairman of Shanghai Wubo Steel Structure Materials Co., Ltd., said in an interview with China Metallurgical News that despite the recent rapid decline in steel market prices, traders’ sales are generally not smooth, but they face the market.
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