Due to the accelerated resumption of work and production in East China, North China and other places, it is expected that the overall prosperity of the domestic manufacturing and construction industries in June will be better than that in May, but due to seasonal factors, the expansion will be limited.
According to our survey of 237 traders, the trading volume of building materials on Monday, Tuesday and Wednesday was 172,000 tons, 127,000 tons and 164,000 tons respectively.
Affected by the rainstorm in the south and the noise control of the college entrance examination, the demand for steel is very unstable.
However, my country's steel exports rose to 7.76 million tons in May, showing strong external demand.
At the same time, the efficiency of steel mills has improved, and the motivation to continue to reduce production is insufficient.
In the short term, due to the general performance of domestic demand recovery, steel prices may continue to fluctuate within a narrow range.
