Demand weakens to determine price downward trend
The fundamentals of steel are currently at high supply, high profits, and relatively high inventory levels. The decline in mid- to long-term demand and weakening demand in the peak season will put pressure on prices and maintain the bearish outlook.
Domestic steel market weaker operation Iron ore market shock consolidation
Domestic spot steel market was weak and steel prices fell slightly. The transaction in the steel market was weak when the price was relatively high, and it was heavy when the price was relatively low. The iron ore market is generally shocking consolidation.
Output "Chinese Standard" is the highest pursuit
As the world’s second largest economy and the largest trader of goods, China today is vigorously advancing the reform and development of the standardization industry.
The importance of standardization of Chinese steel mills
Large companies participate in standardization with leading technologies. Conversely, participation in the formulation of standards can also boost industry technological innovation and promote sustainable development of the industry.
Steel mills should actively participate in standard setting work
Establish a good platform. Moreover, the establishment of a standardization system is conducive to promoting the development of companies in a benign direction.
Gap between high grade steel of domestic and abroad
High-end equipment steel materials are related to social and economic security and national defense security.
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