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Steel prices are expected to rise steadily next year

As for the steel price in 2020, senior analysts in the industry summarized it as "climbing the hurdle", that is, it fell for 4 consecutive months and then rose for 7 consecutive months. Among them, the cold rolling steel price index has reached a new high since March 19, 2013, iron ore has reached a new high since January 14, 2014, and the price of coke has risen continuously in the second half of the year. However, the prices of seamless pipe closely related to oil, stainless steel closely related to living consumption and high inventory of silicon manganese alloy were depressed, and the average price of main coking coal in Luliang fell by about 15%. On the whole, the price elasticity of manufacturing steel is stronger than that of construction steel.

According to the recent forecast of the World Iron and Steel Association, the global steel demand is expected to recover to 1.795.1 billion tons in 2021, with a year-on-year increase of 4.1%; China's steel demand is expected to be stable in 2021. It is expected that the average price of main steel products will rise steadily, but the prices of varieties and regions will still be differentiated.

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