Industry Hotspots
Market Forecast
Short-Term Trends
Lange Steel predicts that steel prices will initially decline before rising in August, with the average price slightly higher than the previous month.
Mysteel notes that the supply-demand imbalance in the steel section market remains unchanged, and prices may weaken slightly.
Cost Support
Iron ore and coke prices remain high, and steel mill profit margins remain under pressure.
Key Focus
Inventory Data: Steel inventories at key steel mills increased by 0.17% month-on-month in mid-August.
International Impact: The IMF raised its global economic growth forecast to 3.1%, which may boost export demand.
