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He Wenbo, executive president of China Iron and Steel Industry Association, said that in the first quarter of this year, the iron and steel industry basically realized the safe and stable operation of the whole industry, the situation was better than expected, and showed a positive trend month on month. At the same time, the industry also faces many problems, especially the sharp rise in the cost of raw materials, which has compressed the profit space. It is expected that the economic benefits in the first quarter will decline year-on-year, and the business situation is still severe.

 

People believed that in the later stage, under the goal of national steady growth, the demand for steel will be accelerated, the steel production will gradually return to normal, the demand growth is expected to be greater than the output growth, the market supply and demand pattern will improve, and the steel and iron industry will maintain a stable operation on the whole.

 

March and April are the traditional consumption peak season of the iron and steel industry every year. Under the influence of multiple factors, the March market in the domestic steel market failed to arrive as scheduled. At the beginning of April, the steel market performed strongly. At present, the main contract price of rebar futures has exceeded 5000 yuan per ton, breaking the high point of the year.

 

Analysis said that the demand in April may be lower than expected, restraining the rise of steel prices. There are still many uncertain factors in the short-term market, and the steel price may continue to fluctuate in the range.