Industry News

China's steel market faces mixed trends amid policy expectations

Views : 64
Update time : 2024-11-26 16:34:30
Since late September, China's steel market has seen a significant rebound in prices, initially driven by policy expectations. However, as prices stabilized, the market entered a phase influenced by supply-demand fundamentals. Despite the off-season, two key factors may trigger another surge.

The early-November market boost has subsided, creating a brief policy vacuum. Attention now shifts to the upcoming mid-December Politburo meeting, which could renew optimism for supportive measures. Yet, with the meeting's focus on debt resolution, its influence on steel prices may be limited.

Meanwhile, US Federal Reserve policy could indirectly impact global sentiment. Market expectations for a 25-basis-point rate cut in December exceed 60%, potentially injecting positivity into steel markets.

As year-end approaches, China's economic support measures and stabilization in raw material costs may gradually strengthen the foundation for a steel price rebound, though caution remains in the short term.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11