Half of 2020 has passed, and the domestic iron and steel industry as a whole has gone out of the "deep V" trend. Although the steel price level at the beginning of July still fails to return to the beginning of 2020, under the three favorable factors of "high and strong raw materials, stable growth of demand and strong economic stimulus", the domestic weak and bad market caused by the sudden epidemic situation has been basically exhausted.
BBN steel analysis: The trend of steel price in the second half of 2020 focuses more on whether the investment in the first half of the year falls in the second half, whether the price of raw materials and minerals is still firm, and whether the international market demand recovers.
As of July, the domestic iron and steel industry market has basically returned to the normal level. The fundamental game between supply and demand may be the main basis for judging the steel price level in the second half of the year.
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