What are the main factors that determine the trend of steel price in this year

Since the beginning of this year, China's steel supply and demand are booming, the inventory has decreased year on year, and the market price has risen sharply. Looking forward to the trend of China's steel price in this year, it will mainly depend on the situation of steel output.

There are many factors influencing steel price, such as cost, demand, supply, investment capital, market atmosphere and so on. Since the beginning of this year, China's steel prices will rise sharply, mainly because of the rising cost, the tight relationship between supply and demand, the opportunistic capital and the resulting "bullish" market atmosphere.

It should be said that among the many factors that affect the steel price during the year, the factors such as strong demand, high cost and no "sharp turn" of monetary policy have been determined, and they are largely digested by the early price rise. Therefore, the market trend will be mainly determined by new factors. This new change factor is nothing else but the supply of steel in the year.