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Outlook for the Second Half of 2024 Domestic Hot Rolled Strip Steel

Date: 2024-09-20
Views: 12

Source: MY STEEL

 

 

In 2024, the domestic hot-rolled strip and hot-coil production capacity has increased, and new production lines have been put into operation. Especially this year, the strip and hot coil capacity utilization rate has rebounded, the new production line production gradually released, the third and fourth quarters of high supply or will be maintained, but considering the annual production reduction indicators, it is expected that the second half of the strip capacity utilization rate or will decline slightly.

 

This year, the front-end data of the real estate industry are 50-70% lower than the peak, the auto industry data is relatively acceptable, but the impact of anti-dumping factors in Europe and Canada and other countries, the second half of the automobile increment is limited, although there is a domestic match overseas demand and new energy demand, there is a certain growth in the direction of manufacturing investment, but the long-term trade surplus and steel mills ultra-low prices to receive export orders accelerate the rise of overseas trade protection, anti-dumping impact gradually deepened, in summary, the overall release of industry demand in the second half of the year is expected to be limited, seasonal domestic demand warming or the formation of short-term support for steel prices, but do not rule out the long-term fundamental return to weak situation will be possible in advance.

 

 

Email:cherry@evergrowrs.com


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