Publicado: Sep 27, 2023 08:20
In terms of fundamentals, the supply and demand of finished products still maintain a double weak pattern. The output of rebar increased on a weekly basis last week. Although the current rebar mills are generally near the break-even line, there is no active intention to reduce production. On the demand side, the table demand of rebar rose slightly on a weekly basis this week. With the arrival of the peak season, the follow-up table demand still has room for improvement, but the real estate data is poor, and the demand for real estate steel is unlikely to improve significantly. It is expected that the room for improvement of table demand is limited. Macroscopically, the Fed paused interest rate hikes in September, but Powell's speech was hawkish, and the US dollar index strengthened to put pressure on commodity prices. Domestic macro policies and raw material prices continue to support steel prices, and it is expected that steel prices will remain volatile in the short term.

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