By 2020, China’s steel market prices will fall first and then rise, with significant fluctuations and rises. By November 10, 2020, the national steel price composite index will be 155.5 points, an increase of 7.08% over the same period last year. The center of gravity has risen.
Consumer demand will be more vigorous. Since the beginning of this year, the national macroeconomy has recovered steadily, the economic growth rate has shown a V-shaped reversal, and stable investment has become the focus of counter-cyclical adjustment. It is estimated that the demand for crude steel (including direct steel exports) will be Jump to the level of 1 billion tons, realizing a new leap in history.
The prices of smelting raw materials have risen sharply. Since the beginning of this year, due to various factors, the prices of steel-making raw materials such as iron ore and coke have risen sharply across the country, pushing up the cost of steel production and forming strong price support.
The depreciation of the U.S. dollar exchange rate. In 2020, the national steel price fluctuates, and the depreciation of the U.S. dollar is also an important factor. The depreciation of the U.S. dollar will increase the import cost of imported smelting raw materials and steel products, and increase the domestic steel prices accordingly.
In 2020, China’s steel prices will fluctuate and rise, first of all, consumer demand will be more vigorous. Since this year, the national macro-economy has recovered steadily, the economic growth rate has turned into a V-shaped reversal, and stable investment has become the focus of counter cyclical adjustment. As a result, China’s steel consumption intensity will increase rather than decrease in 2020. Especially after entering the second half of the year, the national steel demand will be even stronger According to statistics, from January to September this year, China’s apparent consumption of crude steel was 754.94 million tons, a year-on-year increase of 7.2%. Among them, the growth rate in July was 16.8%, that in August was 13.4%, and that in September was 15.8%, showing a strong growth momentum Steel demand (including direct steel exports) will jump to 1 billion tons, a new leap in history
Post time: Nov-23-2020