Forecast of China's domestic steel market in December

From the perspective of foreign environment, the global economy is still facing serious inflation and economic recession risks, monetary policy continues to tighten, global manufacturing PMI continues to decline, the weakening trend of external demand continues, and the international capital market and bulk commodity market remain under pressure.

From the perspective of the domestic environment, the implementation of a package of policies and follow-up measures to stabilize the economy has been accelerated to take effect. A series of measures, such as policy oriented development financial instruments, special re loans for equipment upgrading and transformation, financial discount, and expansion of medium - and long-term loans to the manufacturing industry, have concentrated and achieved remarkable results. The impetus for industrial growth and investment confidence will continue to grow.

In a word, China's domestic steel market is still facing the impact of increasing global economic contraction pressure, while the domestic epidemic situation and seasonal demand will also be significantly constrained. However, the strong expectation of stable growth policy implementation, relatively low operation of steel prices, and "winter storage" operation are expected to gradually open, while the support for raw material costs will gradually strengthen. It is predicted that under the game of strong expectation and weak reality, the domestic steel market will show a slight rebound trend in December 2022.