Driven by the steady growth of the implementation of the package of policies, the domestic economy is in the process of recovery

Driven by the increasing implementation of a package of policies to stabilize growth, the domestic economy is now in the process of recovery, but the foundation of recovery is not solid. In addition to epidemic prevention and control, it is also necessary to do a good job in stabilizing the economy, so as to bring the economy back to the normal track as soon as possible. At present, driven by the policy of steady growth, the sales end of the real estate industry has shown signs of gradual recovery, but it will take time to verify the transmission to the investment end and the construction end. The strength of sustained recovery of infrastructure industry will be determined by the availability of project funds; The manufacturing industry will gradually improve under the strong support of the policy. For the domestic steel market, the early steel price adjustment is conducive to the recovery of downstream demand, while the improvement of demand will also contribute to the stability of the steel market. On the supply side, due to the loss of steel mills, is expanding the scope of the production from the southwest to northwest to central area, and the size is from small size to DaTiLiang transition, large and medium-sized steel mills in late June iron level of average daily output has dropped below 2 million tons, this shows that the domestic steel mills cut production gate has been officially opened, short-term steel production release will continue to shrink. From the demand side, due to the current steel price is relatively low, part of the replenishment demand has been strongly released, as the domestic steel market is still in the traditional low demand season, the impact of high temperature and rain is inevitable, the strength of demand release and sustainability also caused market concerns again. From the point of view of cost, the reduction of steel mills has forced the demand for raw materials to decline, but also makes the pressure situation of raw material prices is obvious. In the short term, the domestic steel market will face continued supply contraction, off-season demand shortage, cost pressure weak situation.