Considering that the previous steady growth policy will continue to drive demand, the macro-control policy will not turn in the short term, the environmental protection and production will be tightened in stages, and the high-priced mine will also inhibit the release of production capacity. In the short term, the supply and demand of steel will be basically Balance, steel is still in the stage of destocking.

Based on this, we expect that the steel market will continue to show an upward trend in May, and this trend is expected to continue into June. The steel market in the second half of the year will be significantly weaker than the first half. Starting from July, the steel market will enter a small downward channel, and will accelerate in September and October.