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2024/07
The steel market prices will gradually peak in the near future
The current domestic steel market prices and upstream cost prices both continue to rise, and effective demand continues to grow. Due to weather conditions, although social inventories have increased, the market mentality is relatively good; It can be said that the current conditions and operating environment of the steel market are basically good. So, will the domestic steel market prices continue to rise? The author believes that the current steel market prices are already at a relatively suitable level. Although there is still some upward momentum and magnitude, taking into account various unpredictable variables that may arise in the future, it is basically believed that the current round of steel price fluctuations and upward adjustments is coming to an end. In early August, the domestic steel market prices will gradually peak and enter a relatively stable operating range.
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