Can steel prices continue to rise in the second half of June

In the short term, the traditional off-season for steel demand in June is weak, and there is little hope for improvement in real estate and infrastructure investment in the short term. However, positive factors at the macro level have boosted the overall market mentality, which has boosted the overall steel market in June and showed an upward trend.

In addition, attention still needs to be paid to the actions taken by the Federal Reserve. As it appears that the Fed is about to end its current interest rate hike cycle this summer, the long short game in the bond market is clearly still uncertain. At present, the global interest rate hike has affected the sluggish foreign economy, making it difficult for overseas demand to recover in the short term, and the export volume may remain weak. From this perspective, the later trend is more dependent on policy interference. In the current context, the rebound in steel prices may be relatively limited.