HRC Prices may Fall as Global Economy Faces Stagflation

SHANGHAI, Mar 1 (SMM) - In the medium and long term, the global economy faces economic stagflation or even recession under the background of global economic inflation, which is negative for commodity prices. In 2023, the pace of interest rate hikes in major countries may slow down, and some countries even plan to implement the stimulus plan to support the economy in the medium and long term. Coupled with the potential recovery of real estate industry in the third quarter. HRC prices may rise after falling in 2023.