Shenzhen brilliant industry Co.,ltd

China Steel price outlook August 2022

China's meteorological authorities issued high-temperature alerts for 25 consecutive days this past Sunday, and experts believe the country is experiencing the strongest heatwave in six decades. The high temperature also pushes electricity consumption to a limit, resulting in some regions recently announcing plans to restrict enterprises with high power consumption. Under this backdrop, the price trend of major steel products is expected to stay rangebound upon dull demand and steel output resumption despite the destocking period. 

————————————————————————from report

———————————————————————— Lillian