Forecast of China's steel market in April

From the perspective of the foreign environment, due to the impact of geopolitical conflicts, the stability of global industrial chains and supply chains remains unstable. The impact of the withdrawal of stimulus policies from developed economies on global investment and trade will continue to ferment.

From the perspective of China's environment, since this year, the overall economic operation has shown a trend of stabilization and recovery.

Overall, in April, China's steel market will present a pattern of "driven by economic growth expectations, with terminal demand still expected to release, followed by rapid supply release pressure, and external disturbances caused by the fermentation of financial risks.". The market will play a game around "supply and demand release dynamics", and it is expected that the supply side will still show a growth trend in April, while the demand side has limited release space. It is expected that the Chinese steel market will exhibit a volatile market in April, with a small overall fluctuation.