1. The speed of return to work and production is accelerating, and a large number of workers will return to work in the near future. From a policy perspective, despite the impact of the epidemic, the country has been encouraging the start of construction. Except for individual provinces such as Hubei, the rate of return to work in other provinces (regions, cities) across the country has exceeded 90%, of which Zhejiang, Jiangsu, Shanghai, Shandong, Guangxi and Chongqing are close to 100%.
2. Macro policies are in force to support prices. The global financial market is turbulent, and even gold can't escape the bad luck. However, rebar can stand out and become ridiculed by the market as "rebar gold"! On the one hand, the strong demand for rebar can support the continued rise in prices. In addition, the continuous stimulus of policies, coupled with the development of infrastructure, has led to the continued rise in rebar prices, which has been newly called "rebar gold"!
3. The inflection point of inventory appears. The recent demand performance is good. From the Steel Valley inventory data that has been released today, the social warehouses and warehouses have doubled down, and the inventory inflection point has officially appeared. As demand starts, the inventory will further decline. I believe that the steel inventory data tonight is also this trend.
