Will A36 general strength steel market demand pick up in August

After entering August, the market demand of A36 general strength steel is expected to pick up. On the one hand, the floods in southern China caused a large number of building damage, and some factory sites were shut down. After the end of the rainy season and the flood subsided, the demand for A36 general strength steel is expected to accelerate the release in a short period of time.

On the other hand, the real estate market has a strong support for A36 general strength steel demand. From January to June, the investment in real estate development increased by 1.9% year-on-year, and decreased by 0.3% from January to may, achieving growth for the first time in the year; the newly started area of housing decreased by 7.6% from January to June, and the decline rate was narrowed by 5.2 percentage points; the land purchase area of real estate development enterprises decreased by 0.9% compared with the same period of the same period, and the decrease rate was 7.2% lower than that of January to May; Land transaction price was 403.6 billion yuan, an increase of 5.9%, and the growth rate dropped by 1.2%.

The overall transaction recovery of real estate has led to the recovery of overall construction, which has played a more powerful support for the overall demand for building materials. Generally speaking, after the rainy season is over, the repair and construction work demand is very urgent, infrastructure and real estate will support the demand for A36 general strength steel.