On the influence of economy and policy on steel market in China

Since the middle of March, the data of China Statistics Bureau has been released one after another. This public security incident has a great impact on the society, especially on the economy. As a cyclical commodity, steel is more vulnerable to the impact of policy and economy.

In a comprehensive consideration, with the gradual easing of the safety incident in China, the further improvement of the staff arrival rate and the labor service rate, the proportion of the downstream return to work will increase in the short term or continue to increase, while the upstream iron and steel production enterprises have basically returned to normal, and the market inventory pressure may gradually decrease. In terms of the later policy, the impact of international events should be taken into account while the economic growth is guaranteed. It's too early to make a final conclusion. We will continue to pay attention to the economic deployment of the two sessions.

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