Steel price is expected to be slightly higher next year than this year

The steel industry market in 2021 is expected to remain relatively stable, and the steel price may be slightly higher than that in 2020.

Although it has entered the winter, the overall situation of the iron and steel industry remains stable. Judging from the production situation, the iron and steel industry will have a good situation in 2020. According to rough estimation, the crude steel output this year will exceed 1 billion tons, an increase of about 5% over last year.

"The iron and steel industry has benefited from the support of the national macro policy this year." The adjustment of macro policy direction has played a great role in stimulating market demand. The steel industry market in 2021 is expected to remain relatively stable, and the steel price may be slightly higher than that in 2020, but the overall situation will remain stable. Iron and steel enterprises should organize production according to their needs and promote the balance of market supply and demand.

"But iron and steel enterprises are also faced with the problem of high raw material prices and arduous task of improving efficiency." Iron ore prices are expected to recover in 2021.

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