It is expected that steel supply and demand will be tight in July

It is expected that the supply and demand of steel market will tighten in July, and the steel price will fluctuate at a high level. Coke and iron ore prices are weak and strong respectively, steel profit is expected to improve, steel plate valuation is relatively low in history, profit improvement is expected to drive valuation repair.

It is expected that the supply and demand pattern will be stable and good in the second half of the year, and the trend of steel price may be stronger than that of raw material price. The steel profit is expected to continue to increase on a month on month basis, and the improvement of profit is expected to bring about the repair of steel plate valuation. The steel supply and demand pattern weakened in June, and it is expected that the supply and demand will be tight in July.

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