According to the survey of important steel wholesale markets across the country, the sales price expectation index and purchase price expectation index of the steel wholesale market in May were 32.2% and 33.5%, respectively, down 33.6 and 32.9 percentage points from the previous month, both lower than the 50% dividing line . Overall, steel prices will run weakly in May. The main reasons for the continuous weakening of steel prices in April are the high supply, lower-than-expected demand and weakening cost support. As downstream demand has not improved significantly, market panic has intensified, and expectations for May are also more cautious. At present, the loss of steel mills is expanding, or it may force steel mills to stop maintenance and reduce production, which will form a certain support for steel prices in May; however, the pace of recovery in the real estate market is slow, and the increase in steel demand is limited. It is expected that the steel market will remain volatile and weak in May .
Post time: May-11-2023