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Steel prices are expected to continue to rise in the second h

Sep 11, 2018

 According to the economic reference daily

 
 
 
In the first half of 2018, China's burden market showed a weak and strong trend. In March, the prices of scrap steel, iron ore, billet and other raw materials fell sharply as steel prices fell. Subsequently, the demand for steel terminals was gradually released, and the imbalance between supply and demand has improved. Profits of steel mills have improved, and enthusiasm for purchasing raw materials has gradually resumed. Scrap steel and other raw materials prices are gradually beginning to rebound.
 
 
 
According to statistics, in the first half of 2018, the gross crude steel output of the whole country was 451 million 160 thousand tons, an increase of 6% over the same period last year. In June, crude steel output was 80 million 200 thousand tons, an increase of 7.5%. In June, the average daily output of crude steel in China was 2 million 673 thousand and 300 tons, up by 2.15%. Crude steel output is still rising. The steel production will remain high in the second half of the year when the steel profits are relatively large.
 
 
 
In the first half of this year, China's economy has improved steadily, and GDP grew by 6.8% over the same period last year. In the first half of this year, China's investment in fixed assets increased by 6%, infrastructure investment by 7.3% and real estate investment by 9.7%. Although the growth rate of investment has dropped slightly, there is still a distinct increase, which has led to a steady release of steel demand. In the second half of this year, some compliance projects will accelerate landing progress, and infrastructure investment will continue to stabilize. In addition, a modest increase in ship orders will drive the release of steel demand in the second half of the year. In addition to the shelter reform and the construction of related projects, steel terminal demand will maintain a stable release in the second half of the year, steel prices are expected to continue to rise, raw material prices are also expected to rise.
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