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Recently the market for cold-rolled and hot-rolled coil plates has been mainly in consolidation
The recent operating logic of the Rebar market
The overall market for cold-rolled and hot-Rolled Coil plates in our country fluctuated slightly, with sluggish market transactions. Steel traders generally hold a cautious attitude towards the future market. It is expected that the cold and hot-rolled coil markets will mainly consolidate in the near future and will not experience significant ups and downs.
On the one hand, the demand for cold-rolled and hot-rolled coil plates still has a certain degree of toughness. The manufacturing industries with large consumption of cold-rolled and hot-rolled coil sheets, such as automobiles and home appliances, have basically resumed full production, with production and sales volumes increasing.
Judging from the information conveyed at this year's local two sessions, most localities are stepping up their efforts to stimulate the consumption of home appliances and automobiles. For instance, Henan Province plans to expand the implementation of the "Two New" (large-scale equipment renewal and trade-in for consumer goods) policy, replacing 8 million household appliances. Jiangsu Province plans to further expand the coverage of the policy of trading in old consumer goods for new ones, and on a larger scale, drive the renewal and upgrading of consumer goods such as home appliances and smart terminals.
In terms of automobiles, Henan Province plans to update 500,000 vehicles and strive to achieve an annual production of 2 million complete vehicles and 1.4 million new energy vehicles.
As various regions vigorously promote the trade-in of old automobiles and home appliances, the production and sales volume of the automotive and home appliance manufacturing industries are expected to increase significantly, and the demand for cold-rolled and hot-rolled coil plates will also continue to grow.On the other hand, the supply pressure in the cold-rolled and hot-rolled coil market is not significant. Steel production is unlikely to increase significantly. According to research by industry institutions, currently, some independent electric arc furnace steel enterprises have resumed production. Most steel enterprises have resumed production after the Lantern Festival, while some have postponed their resumption. In addition, at present, some steel enterprises are still undergoing production suspension for maintenance, and the pressure on market supply is relatively small.At present, the inventory of cold-rolled and hot-rolled coil plates is at the lowest level in the past five years during the same period. The spot resources available to merchants are not abundant, and some varieties and specifications are in short supply, which leads to a strong willingness of merchants to hold prices. This largely curbed the sharp decline in the prices of cold-rolled and hot-rolled coil sheets in the later period.
The recent operating logic of the Rebar market
The overall market for cold-rolled and hot-Rolled Coil plates in our country fluctuated slightly, with sluggish market transactions. Steel traders generally hold a cautious attitude towards the future market. It is expected that the cold and hot-rolled coil markets will mainly consolidate in the near future and will not experience significant ups and downs.
On the one hand, the demand for cold-rolled and hot-rolled coil plates still has a certain degree of toughness. The manufacturing industries with large consumption of cold-rolled and hot-rolled coil sheets, such as automobiles and home appliances, have basically resumed full production, with production and sales volumes increasing.
Judging from the information conveyed at this year's local two sessions, most localities are stepping up their efforts to stimulate the consumption of home appliances and automobiles. For instance, Henan Province plans to expand the implementation of the "Two New" (large-scale equipment renewal and trade-in for consumer goods) policy, replacing 8 million household appliances. Jiangsu Province plans to further expand the coverage of the policy of trading in old consumer goods for new ones, and on a larger scale, drive the renewal and upgrading of consumer goods such as home appliances and smart terminals.
In terms of automobiles, Henan Province plans to update 500,000 vehicles and strive to achieve an annual production of 2 million complete vehicles and 1.4 million new energy vehicles.
As various regions vigorously promote the trade-in of old automobiles and home appliances, the production and sales volume of the automotive and home appliance manufacturing industries are expected to increase significantly, and the demand for cold-rolled and hot-rolled coil plates will also continue to grow.On the other hand, the supply pressure in the cold-rolled and hot-rolled coil market is not significant. Steel production is unlikely to increase significantly. According to research by industry institutions, currently, some independent electric arc furnace steel enterprises have resumed production. Most steel enterprises have resumed production after the Lantern Festival, while some have postponed their resumption. In addition, at present, some steel enterprises are still undergoing production suspension for maintenance, and the pressure on market supply is relatively small.At present, the inventory of cold-rolled and hot-rolled coil plates is at the lowest level in the past five years during the same period. The spot resources available to merchants are not abundant, and some varieties and specifications are in short supply, which leads to a strong willingness of merchants to hold prices. This largely curbed the sharp decline in the prices of cold-rolled and hot-rolled coil sheets in the later period.
The overall market for cold-rolled and hot-Rolled Coil plates in our country fluctuated slightly, with sluggish market transactions. Steel traders generally hold a cautious attitude towards the future market. It is expected that the cold and hot-rolled coil markets will mainly consolidate in the near future and will not experience significant ups and downs.
On the one hand, the demand for cold-rolled and hot-rolled coil plates still has a certain degree of toughness. The manufacturing industries with large consumption of cold-rolled and hot-rolled coil sheets, such as automobiles and home appliances, have basically resumed full production, with production and sales volumes increasing.
Judging from the information conveyed at this year's local two sessions, most localities are stepping up their efforts to stimulate the consumption of home appliances and automobiles. For instance, Henan Province plans to expand the implementation of the "Two New" (large-scale equipment renewal and trade-in for consumer goods) policy, replacing 8 million household appliances. Jiangsu Province plans to further expand the coverage of the policy of trading in old consumer goods for new ones, and on a larger scale, drive the renewal and upgrading of consumer goods such as home appliances and smart terminals.
In terms of automobiles, Henan Province plans to update 500,000 vehicles and strive to achieve an annual production of 2 million complete vehicles and 1.4 million new energy vehicles.
As various regions vigorously promote the trade-in of old automobiles and home appliances, the production and sales volume of the automotive and home appliance manufacturing industries are expected to increase significantly, and the demand for cold-rolled and hot-rolled coil plates will also continue to grow.On the other hand, the supply pressure in the cold-rolled and hot-rolled coil market is not significant. Steel production is unlikely to increase significantly. According to research by industry institutions, currently, some independent electric arc furnace steel enterprises have resumed production. Most steel enterprises have resumed production after the Lantern Festival, while some have postponed their resumption. In addition, at present, some steel enterprises are still undergoing production suspension for maintenance, and the pressure on market supply is relatively small.At present, the inventory of cold-rolled and hot-rolled coil plates is at the lowest level in the past five years during the same period. The spot resources available to merchants are not abundant, and some varieties and specifications are in short supply, which leads to a strong willingness of merchants to hold prices. This largely curbed the sharp decline in the prices of cold-rolled and hot-rolled coil sheets in the later period.
