Foreseeing structural steel in 2024: demand support strengthens, steel prices may shift upward in 2024
2024-03-22
In summary, in 2023, the overall actual supply on the structural steel supply side has not changed much. However, with the increase in production capacity, market competition pressure has further increased. The demand side has improved significantly compared with 2022. However, combined with the pressure brought by high inventory at the beginning of the period, the total supply It is still greater than the total demand, driving the overall price decline. For 2024, the competitive pressure on the supply side will not decrease, and the process of "general to excellent" will not change. Market supply may remain high. However, affected by policies and its own cyclical changes, the demand side in 2024 is expected to continue the improvement since the second half of the year. , the price center of gravity is expected to move slightly upward.
The economic situation at home and abroad in 2023 will be more complex and changeable. Although a series of macro-consumption measures are frequently implemented, the downstream demand in the steel market is weak due to factors such as declining real estate and infrastructure investment. Coupled with rising raw material prices, structural steel prices are at a high level. In the ongoing game between costs, strong expectations and weak reality, steel prices have shown an overall decline. However, judging from the performance in the fourth quarter, demand has gradually exerted force to drive a more obvious recovery in prices.
Mr. andy