Guotai Junan: Steel production continues to decrease, the industry welcomes important investment opportunities
Release time:2022-04-21 10:10
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Cailian News Agency, April 21, Guotai Junan believes that the epidemic has delayed the demand for steel instead of disappearing. After the epidemic in the Yangtze River Delta has stabilized, the demand for steel has gradually recovered, the demand for infrastructure has accelerated, and the demand for real estate and automobiles will also bottom out. At the same time, superimposed on the high prosperity of steel export demand, we expect that steel demand may show a pulse-like rebound in the later period. In the context of supply-side reduction, the suppression of raw materials on industry profits will gradually ease. The supply side of iron ore is still increasing, and the supply guarantee policy of coke and coking coal will continue. Therefore, we expect that the price center of raw materials for steel mills will return to a reasonable range in the later period, and the profits of steel mills will gradually recover.

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